A) fish
B) soybeans
C) wood
D) All of the above are correct.
F) B) and C)
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A) it must have become more scarce.
B) it must have become less scarce.
C) it has become more scarce only if the price adjusted for inflation has risen.
D) it has become less scarce only if the price adjusted for inflation has risen.
F) All of the above
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A) key determinant of living standards,and growth in productivity is the key determinant of growth in living standards.
B) key determinant of living standards,but growth in productivity is not the key determinant of growth in living standards.
C) not the key determinant of living standards,but growth in productivity is the key determinant of growth in living standards.
D) not the key determinant of living standards,and growth in productivity is not the key determinant of growth in living standards.
F) A) and C)
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A) Japan's quantities of natural resources,but not to international trade.
B) international trade,but not to Japan's domestic quantities of natural resources.
C) the fact that Japanese productivity has remained nearly constant for more than 100 years.
D) the fact that the Japanese have downplayed the role of human capital in economic growth.
F) None of the above
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A) not change.
B) increase but not double.
C) double.
D) more than double.
F) A) and D)
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A) the owner's knowledge of how to prepare vegetarian entrees
B) the money in the owner's account at the bank from which she borrowed money
C) the tables and chairs in the restaurant
D) the fresh fruits,vegetables,and grains the restaurant uses to prepare its meals
F) A) and C)
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A) corn
B) oil
C) livestock
D) All of the above are correct.
F) All of the above
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A) the amount of goods and services produced from each hour of a worker's time.
B) the total amount of goods and services produced within the country.
C) the total amount of its physical capital.
D) its growth rate of real GDP.
F) All of the above
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A) its output would stay the same and so would its productivity.
B) its output and productivity would increase,but less than double.
C) its output and productivity would increase by more than double.
D) None of the above is correct.
F) B) and D)
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A) Although levels of real GDP per person vary substantially from country to country,the growth rate of real GDP per person is similar across countries.
B) Productivity is not closely linked to government policies.
C) The level of real GDP per person is a good gauge of economic prosperity,and the growth rate of real GDP per person is a good gauge of economic progress.
D) Productivity may be measured by the growth rate of real GDP per person.
F) A) and C)
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A) either an increase in human capital or an increase in physical capital
B) an increase in human capital but not an increase in physical capital
C) an increase in physical capital but not an increase in human capital
D) neither an increase in human capital nor an increase in physical capital
F) C) and D)
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A) textbooks
B) hand held power tools
C) knowing how to repair cars
D) All of the above are correct.
F) A) and D)
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A) her knowledge of landscaping learned in college and her landscaping equipment
B) her knowledge of landscaping learned in college,but not her landscaping equipment
C) her landscaping equipment,but not her knowledge of landscaping learned in college
D) neither her knowledge of landscaping learned in college nor her landscaping equipment
F) B) and C)
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A) human capital.
B) available information on how to produce things.
C) resources expended transmitting society's understanding to the labor force.
D) All of the above are technological knowledge.
F) All of the above
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A) increased,so it became scarcer
B) increased,so it became less scarce
C) decreased,so it became scarcer
D) decreased,so it became less scarce
F) B) and D)
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A) 1/8 cabinet per hour
B) 8 hours per cabinet
C) 40 cabinets
D) None of the above is correct.
F) None of the above
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A) level of real GDP over that year.
B) level of real GDP divided by hours worked over that year.
C) growth rate of real GDP divided by hours worked over that year.
D) growth rate of real GDP per person over that year.
F) A) and C)
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A) 100
B) 112
C) 124
D) 144
F) All of the above
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A) 192 rocking chairs
B) 24 rocking chairs per hour
C) 2 rocking chairs per hour
D) 2 hours per rocking chair
F) All of the above
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A) Productivity is a determinant of human capital per worker.
B) Technological knowledge is a determinant of productivity.
C) Human capital and technological knowledge are the same thing.
D) All of the above are correct.
F) A) and B)
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