Reference no: EM131172313
1. Steady state in the Solow model implies that
a. aggregate output is not growing.
b. capital is not growing.
c. labor is not growing.
d. output per effective worker is not growing.
2. The finance gap approach to aid utilizes
a. the Harrod-Domar model
b. the Solow model
c. the Romer model
d. None of the above.
3. According to Easterly, which of the statements below are true:
i. Aid translates into investment one for one for most countries ii. There is a positive relationship between aid and investment in mostdeveloping countries. iii. Investment has increased growth in the short run.
a. Only i.
b. Both i and ii.
c. All of the above.
d. None of the above.
4. Rostow suggested that developing countries needed between 15% and 20% in order to
a. end poverty.
b. decrease inequality.
c. “take-off”
d. increase exports.
5. One reason that the Harrod-Domar model might fail is that
a. Investment is necessary but not sufficient for growth.
b. Investment is sufficient but not necessary for growth.
c. Investment is necessary and sufficient for growth.
6. Growth (in steady state) in output per worker in the Solow model depends on
a. the depreciation rate.
b. the population growth rate.
c. the growth rate of technology.
d. All of the above.
When is the phrase except for used in an audit report
: What is the auditor's responsibility when there is a substantial going concern issue? Which of the following statements is omitted from nonpublic company audit reports? When is the phrase "except for" used in an audit report?
|
Use annual worth and the capital recovery formula
: Savings of $5600 per year can be achieved through either a $14 000 machine (A) with a sevenyear service life and a $2000 salvage value, or a $25 000 machine (B) with a ten-year service life and a $10 000 salvage value. If the MARR is 9 percent, which..
|
Drivers of globalization in practice
: Drivers of Globalization in Practice: Global Business Needs When considering a country to enter with respect to global trade, business leaders must determine if the particular country under consideration has a sufficiently acceptable environment in w..
|
Differences between firms and centrally planned economies
: List three reasons that firms exist. Do any of the reasons imply that the command and control of centrally planned economies is the appropriate form? What are the similarities and differences between firms and centrally planned economies?
|
Steady state in the solow model implies that
: Steady state in the Solow model implies that. The finance gap approach to aid utilizes. One reason that the Harrod-Domar model might fail is that. Growth (in steady state) in output per worker in the Solow model depends on
|
Make decisions that effect fixed and variable costs
: Here is a chance for each of you to apply what we are learning to your real life. If you are a business owner, a manger in a business, a department head and there are lots of you in the class, you have a budget and you make decisions that effect fixe..
|
Which refrigerator has a lower cost
: Sam is buying a refrigerator. He has two choices. A used one, at $475, should last him about three years. A new one, at $1250, would likely last eight years. Both have a scrap value of zero. The interest rate is 8 percent. (a) Which refrigerator has ..
|
What level of recycling is optimal
: Delta Software earned $10 million this year. Suppose the growth rate of Delta's profits and the interest rate are both constant and Delta will be in business forever. Determine the value of Delta Software when: AMS recently instituted an in-house rec..
|
What type of fiscial policy should be enacted
: If unemployment is high and spending is sluggish, what type of fiscial policy should be enacted? How would this be enacted via taxes? Via government spending? What is the intended effect of this policy on aggregate demand?
|