Author Question: A problem with the neoclassical growth theory is its A) prediction that population growth lowers ... (Read 114 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?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

For a complete list of videos, visit our video library