Author Question: A problem with the neoclassical growth theory is its A) prediction that population growth lowers ... (Read 111 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
A problem with the neoclassical growth theory is its
 
  A) prediction that population growth lowers the real wage rate.
  B) inability to explain persistent differences between countries' GDP growth rates.
  C) prediction that population growth raises the real wage rate.
  D) comparison of the economy to a perpetual motion machine.

Question 2

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following statements is TRUE?
 
  A) Producing 0 chocolate bars and 100 cans of cola is both attainable and efficient.
  B) Producing 20 chocolate bars and 80 cans of cola is attainable, but inefficient.
  C) Producing 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology.
  D) Producing 40 chocolate bars and 0 cans of cola is unattainable and inefficient.



taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Your heart beats over 36 million times a year.

For a complete list of videos, visit our video library