Home / Questions / Adam Smith revolutionized the way we think about economic growth with his celebrated book called
Adam Smith revolutionized the way we think about economic growth with his celebrated
book called _________ that was published in _________ .
a.Progress and Poverty; 1890
b.Capital; 1867
c.The Theory of Business Cycles; 1936
d.The Wealth of Nations; 1776
e.The Theory of Economic Growth; 1914
72. Capital deepening refer to
a.the rise in the ratio of capital to labor
b.the rise in the ratio of capital to output
c.infrastructure investment
d.more unprofitable investment following upon unprofitable investment
e.heavy industry construction
73. In the capital-deepening model of economic growth, capital deepening is associated with
a.decreasing labor productivity
b.increasing labor productivity
c.decreasing capital output ratio
d.increasing capital output ratio
e.less capital per worker
74. The labor productivity curve in the capital deepening model of economic growth
a.is inversely related to capital deepening
b.increases at an increasing rate
c.increases at a decreasing rate
d.is an upward sloping straight-line
e.is a downward sloping straight line
75. If capital deepening increases from $100 to $150 and this increase results in worker’s
productivity increasing from $60 to $70, and if there were 100 workers, then GDP is
a.$10,500
b.$6,000
c.$1,500
d.$7,000
e.$1,000
76. If capital deepening increases from $100 to $150 and this increase results in worker’s
productivity increasing from $60 to $70, and if there were 100 workers, then GDP would
increase by
a.$10,500
b.$6,000
c.$1,500
d.$7,000
e.$1,000
Feb 11 2020 View more View Less
The Gap Inc. is a global specialty retailer operating stores selling casual apparel, personal care, and other accessories for men, women, and children under The Gap, Bana...
Apr 10 2020A stainless steel (AISI 304) tube used to transport a chilled pharmaceutical has an inner diameter of 36 mm and a wall thickness of 2 mm. The pharmaceutical and ambient a...
Jun 28 2020What were some of the biggest challenges in implementing the new e-tendering system at the MCD? >
Jul 14 2020Down syndrome results from: (A) The absence of one chromosome in position 21 (B) The presence of an extra chromosome in position 21 (C) The absence of both chromoso...
Mar 14 2018A common stock pays an annual dividend per share of $2.10. The risk-free rate is 7% and the risk premium for this stock is 4%. If the annual dividend is expected to remai...
Jun 05 2021GSCM 460 THE PEACH COMPUTER COMPANYTHE PEACH COMPUTER COMPANY Donald Bright, supply manager at the Peach Computer Company, was preparing his notes for a meeting to be h...
Jul 21 2020The current sections of Blues Traveler Co. balance sheets at December 31, 2007 and 2008 are presented below. Blues Traveler’s net income for 2008 was $163,000. Deprecia...
Apr 12 2020How many valence electrons does zinc have?
May 21 2021Given the area in the first quadrant bounded by the function , the line and the . What is the volume generated when the area is revolved about the line
Jul 24 2021Why does RNA polymerase be slower than DNA polymerase?
Mar 30 2020