PLEASE HELP 14. The difference between extensive growth and intensive growth is
ID: 1140051 • Letter: P
Question
PLEASE HELP
14. The difference between extensive growth and intensive growth is that:
A. extensive growth comes from adding more capital, land, and labor to the economy of the same type and quality as before, while intensive growth comes from adding new technology.
B. with extensive growth it is not possible to increase the standard of living of the population.
C. extensive growth is more important for the economy since it is sustainable but intensive growth is not.
D.
intensive growth comes from adding more farmers to the same land and working it more intensively while extensive growth come from extending the amount of land available.
15. In comparing Argentina, Germany, and Japan over the past century:
A. we find that Japan has far outpaced Germany and Germany has slightly outpaced Argentina.
B. we find that Germany has far outpaced Japan since it is a more highly developed economy, and Japan has slightly outpaced Argentina.
C.
we find that both Germany and Japan far outpaced Argentina even though in 1900 Argentina was the equal of Germany and far superior to Japan in GDP per Capita.
D. we find Argentina far outpacing its rivals, Germany and Japan.
intensive growth comes from adding more farmers to the same land and working it more intensively while extensive growth come from extending the amount of land available.
15. In comparing Argentina, Germany, and Japan over the past century:
Explanation / Answer
14. The difference between the extensive and intensive growth is that with extensive growth the economy produces more goods and services by increasing amount of land, labor or capital. With intensive growth the economy does not increase the amount of the factors of production but rather increases efficiency. Hence, option(A) is correct.
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