Author Question: A problem with the neoclassical growth theory is its A) prediction that population growth lowers ... (Read 80 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?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library