_Econ Assignment 13 solved

28) Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases? A) Low-income industrial countries are catching up to high-income industrial countries. B) Low-income developing countries are catching up to high-income industrial countries. C) Low-income industrial countries are catching up to high-income developing countries. D) All low-income countries are catching up to all high-income countries. 29) Which of the following countries actually experienced negative economic growth from 1960 to 2010? A) Israel B) Singapore C) Niger D) Malaysia 30) Which of the following accurately describes the impact of the rule of law on a country's economic growth rate? A) Countries with a strong rule of law have faster economic growth. B) Countries with a weak rule of law have faster economic growth. C) Countries that enforce property rights through lawsuits have slower economic growth. D)…

Identify one developed and one developing country.  Research their recent economic growth rates. Analyze differences in the countries that would help lead to different rates of economic growth.  In your response, be sure to avoid analyzing short-run factors of economic performance and focus on the factors that affect long-run economic growth.

Which of the following policies would economists consider to be actions that a DVC government might take that would improve growth prospects?   Choose one or more answers from the choices shown. a. Helping to extend the banking system to the rural poor. b. Passing high tariffs against foreign products. c. Constructing better ports, roads, and Internet networks. d. Charging high fees for public elementary schools.

Which of the following is NOT a reason why middle-income countries in the east have experienced rapid growth rates? Group of answer choices The countries developed abundant new technologies which drove growth These countries had a strong policy structure that supported human capital investments These countries encouraged participation in the world markets These countries accrued larger savings and invested it domestically

Which of the following statements is true with respect to the economic effects of controlling population growth? Multiple Choice A. Developing nations tend to have lower fertility compared to developed nations. B. Lower male-female ratios favor higher fertility rates. C. A decline in fertility rate is a function of economic prosperity. D. Fertility rates increase proportionately to the rate of economic growth. E. Higher population growth rates have resulted in increased global trade.

Economic growth accounting studies show that Group of answer choices Improvements in physical capital are more important than improvements in human capital Technology is the most important component of economic growth Capital deepening is the most important factor in economic growth. Population growth is the most important source of growth

Why capital formation and technical progress is a source of economic growth?

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Answer the following options Q#9) What has been true about the long term growth rate and growth path followed             by the advanced nations since 1750 – the dawn of the “industrial revolution”?   (a)  GDP growth has been modest, continuing the same trend from previous eras  (b)  GDP growth has increased enormously due to technical advances     Q#10)  When the government takes the lead and pro-actively guides, supports and           fosters technology advances and innovation, such as with the Internet, in aero-          space (NASA) or Covid19 vaccines, which theory of economic growth is utilized? (a)  Neo-Classical Theory        (b)  Classical Theory         (c)  New Growth Theory

Macmillan Learning Classify the statements about growth as true or false. If a statement is an opinion, leave it unplaced. True Governments can control growth rates with the appropriate policies. The industrial revolution brought an era of increased growth rates in the United States Convergence will not occur because of technology growth Answer Bank False Growth in productivity is closely correlated with wage growth Human capital is equivalent to the number of years of education Technology and human capital work againat each other Rich countries all grow faster than poor countries. Poor countries all grow faster than rich countries South Korea's growth can be traced to mainly human capital deepening