Help please?

32. Long-term growth in production can be explained by


a. an improvement in the quality of resources available


b. a gradual but consistent rise in the price level


c. a rapid and accelerating increase in the price level


d. a trade surplus that leads to the accumulation of gold


e. the peaks and troughs of economic fluctuations








33. "The most important factor in determining a nation's standard of living in the long run is the productivity of its resources."


a. True


b. False








34. If Q is total real output, K is capital in use, and L is labor employed, the productivity of labor is measured by


a. K/L


b. L/K


c. Q/L


d. Q/K


e. (Q + K)/L








35. Labor productivity tends to fall as the capital-labor ratio rises.


a. True


b. False








36. Human capital includes the machinery, equipment and other manufactured creations used to produce goods and services.


a. True


b. False








37. An example of an increase in human capital would be


a. a new machine that humans use to produce more capital


b. an increase in wealth


c. a more educated labor force


d. all of the above


e. both a and c








38. Labor productivity is measured as


a. the value of total output times total employment


b. total output of all workers employed


c. total output divided by the number of units of labor employed


d. total labor input divided by output


e. average output per unit of capital





39. Improvements in technology shift the per-worker production function downward.


a. True


b. False








40. Which of the following would not increase labor productivity?


a. technological change


b. an increased amount of capital per unit of labor


c. a lower unemployment rate


d. greater job experience for the work force


e. all of the above increase labor productivity








41. An improvement in the quality of capital would


a. rotate the per-worker production function upward


b. make the per-worker production function flatter


c. shift the per-worker production function downward


d. rotate the per-worker production function downward


e. have no effect on the per-worker production function








42. Which of the following is most likely to increase productivity growth, as measured using GDP statistics?


a. reduced capital formation


b. decreased human capital


c. increased research and development


d. increased government regulation


e. higher prices for raw materials





43. The rules of the game refer to


a. any factor that facilitates production and exchange


b. a gradual but consistent change in the price level until a fair price is attained


c. the set of election laws that ensure that all votes are counted in every election


d. the requirements place on firms earning a profit


e. the requirements that households must provide funding for the investments that firms need to make








44. The rules of the game include all of the following except one. Which is the exception?


a. the laws, customs, conventions and other institutional elements associated with trade


b. property rights


c. ensuring that the market process generates a fair price to all


d. a stable political environment


e. a stable legal system








45. Which of the following is not be considered a developed country?


a. Pakistan


b. the United States


c. Japan


d. Australia


e. Belgium








46. Over the last century, U.S. labor productivity has


a. fallen


b. been constant, on average


c. grown at about 2 percent per year


d. grown at about 8 percent per year


e. grown at about 15 percent per year





47. Productivity growth is important because


a. it is the only way an economy can increase GDP


b. a small decrease in productivity growth causes a large decline in GDP


c. a large increase in productivity growth causes a small decrease in GDP


d. it causes an increase in the quantity of all resources available to an economy


e. it ultimately increases a nation's standard of living








48. The process of adding more capital per worker is known as "capital deepening."


a. True


b. False

Help please?
32 a


33 true


34a


35true


36 false


37c


38 c


39false


40e


41a


42c


43a


44c


45 a


46 c


47a


48a
Reply:This is ridiculous. Try learning something and answering on your own.
Reply:a,a,c,b,b,c,a,b,c,e,b,a,c,a,e,e,a
Reply:Please ...what r u talking about?
Reply:Micheal T: go 'a' on all your answer





(and please make sure I get the easy 10 points!)
Reply:do ur own homework

online survey