Due to the presence of diminishing returns to capital, doubling theamount of phy

Question

Due to the presence of diminishing returns to capital, doubling theamount of physical capital available for one worker to use will_______. (Points: 1)
      decrease output by less than a factor oftwo
       increase output by lessthan a factor of two
       increase output byexactly a factor of two
       increase output by morethan a factor of two


2. From the standpoint of economic growth,banks are important to ______. (Points: 1)
       fightinflation
       keep interest rateslow
       channel savings intoinvestment
       channel investment intosavings


3. Economies with higher growth rates tend tobe those that _______. (Points: 1)
       have large amounts ofnatural resources
       have a stable governmentthat protects property rights
       have high levels ofgovernment regulation
       have all of theabove


4. The convergence hypothesis helps explainwhy ______. (Points: 1)
       highly educated peopleconverge in high-income countries
       high-income individualsmarry other high-income individuals
       high-income countriescontinue their high growth rates
       high-income countriestend to have slower growth rates compared to lower-incomecountries


5. The budget balance is equal to _______.(Points: 1)
       taxes minus governmenttransfers minus government spending
       taxes minus governmentspending
       government spendingminus taxes
       taxes plus governmentspending minus government transfers

Explanation / Answer

Answer: BCBDA

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