Question 1 points
Technological progress occurs when the economy gets more output
without any more capital or labor.
by using more capital per worker.
by using more capital but not more workers.
by using more labor but not more capital.
Question 2 points
If a firm increases its use of capital while holding constant the number of workers
employed, the firm is said to experience
capital augmentation.
investment deepening.
labor intensity.
capital deepening.
Question 3 points
Increases in net investment generally result in
lower levels of capital stock and lower levels of depreciation.
lower levels of capital stock and higher levels of depreciation.
higher levels of capital stock and higher levels of depreciation.
higher levels of capital stock and lower levels of depreciation.
Question 4 points
Nations that borrow from abroad to support current investment will
always be better off in the future.
always sacrifice future consumption.
be better off in the future if the investments are profitable.
sacrifice future consumption only if the investments are profitable.
Question 5 points
Nations that borrow from abroad to support current consumption
will always be better off in the future.
will always sacrifice future consumption.
may sacrifice future consumption.
will always sacrifice current consumption.
Question 6 points
Technological progress occurs when the economy gets more output
without any more capital or labor.
by using more capital per worker.
by using more capital but not more workers.
by using more labor but not more capital.
Question 2 points
If a firm increases its use of capital while holding constant the number of workers
employed, the firm is said to experience
capital augmentation.
investment deepening.
labor intensity.
capital deepening.
Question 3 points
Increases in net investment generally result in
lower levels of capital stock and lower levels of depreciation.
lower levels of capital stock and higher levels of depreciation.
higher levels of capital stock and higher levels of depreciation.
higher levels of capital stock and lower levels of depreciation.
Question 4 points
Nations that borrow from abroad to support current investment will
always be better off in the future.
always sacrifice future consumption.
be better off in the future if the investments are profitable.
sacrifice future consumption only if the investments are profitable.
Question 5 points
Nations that borrow from abroad to support current consumption
will always be better off in the future.
will always sacrifice future consumption.
may sacrifice future consumption.
will always sacrifice current consumption.
Question 6 points
