Monday, April 13, 2009

Help help please?

49. Physical capital includes all of the following except


a. roads and bridges


b. machinery and factories


c. communications networks


d. high school diploma or college degree


e. a new dump truck








50. Per capita GDP in the United States has declined since 1950.


a. True


b. False








51. In order for a society to have a rising standard of living, output per worker must grow


a. more slowly than the labor force


b. at the same rate as the population


c. faster than the population


d. more slowly than the population


e. at a rate of 3 percent per year and population must grow at a rate of 5 percent per year








52. The major industrialized country with the highest level of per capita real output in 2003 was


a. Canada


b. the United States


c. Italy


d. France


e. Germany








53. Basic research has less immediate payoff to society but is likely to be more important than applied research in fostering long-term growth.


a. True


b. False








54. Which of the following is an example of basic research?


a. An animal test is used to determine if a product contains irritants.


b. Soft-drink bottlers test consumer reactions to their advertisements.


c. A statistician calculates the odds of winning a promotional sweepstakes that a company is running.


d. A catalog-sales company times its operators to see how many calls each is handling per day.


e. A chemist builds a mathematical model of the atmosphere of Jupiter.








55. The objective of industrial policy is


a. unclear, since the policy has no economic basis


b. to restore the primacy of mature industries, such as steel and automobile production


c. to spread manufacturing industry more evenly across the nation


d. to encourage economic development in poorer nations


e. to give domestic industry an advantage over foreign competitors





56. The concept of %26quot;clustering%26quot; refers to


a. locating new firms in a geographic area where competitive firms have not located


b. locating new firms in a geographic area where many other firms have already located


c. locating new firms in a geographic area already thick with firms in the same or related industries


d. encouraging established firms to relocate to the South and Northeast


e. encouraging workers to move nearer to their employers





57. The economic theory that states that as time passes, economic systems become much more similar, with common rates of growth, common employment levels and common rates of inflation is known as


a. divergence theory


b. parallel path theory


c. convergence theory


d. non-competing economic systems theory


e. static state theory








58. In double-entry GDP accounting,


a. the value of output produced must equal the value of resource payments generated in producing that output


b. government is not counted because most of government spending is for transfer payments


c. payments to resources must equal the value of goods sold to households


d. inventories are counted twice, once as investment and once as output


e. intermediate goods are counted twice, once as a type of output themselves and once as part of final output








59. Gross Domestic Product equals the


a. total output of all goods and services produced by resources located in the U.S.


b. market value of all goods and services produced by resources located in the U.S.


c. market value of all final goods and services produced by resources located in the U.S.


d. value added to the economy by intermediate goods and services minus original cost


e. value of total sales of goods and services produced in the U.S.








60 Which of the following best describes an intermediate good?


a. It has no value to the seller.


b. It has no value to the buyer.


c. It is purchased by a household for future use.


d. It helps produce another good.


e. It is sold at a discounted price by middlemen.








61. Which of the following is the best example of an intermediate good or service?


a. any good bought by a household, rather than a firm


b. pizzas bought at a restaurant


c. legal services hired by a public accounting firm


d. sunglasses worn on a summer vacation in Florida


e. a professional performance of %26quot;The Phantom of the Opera%26quot;








62. Which of the following is the best example of an intermediate good?


a. the flowers Mr. Grover buys at a local nursery


b. the flowers that Timmy Grover, age three, brought Mrs. Grover after he picked them from a neighbor%26#039;s garden


c. the flour Grandma Grover buys to make a birthday cake


d. the flour that Joe buys so that he can eat pizza three nights a week


e. the flour Amy orders each month for the bakery she manages








63. Which of the following would not be included in GDP as a form of consumption spending?


a. Ann takes Tim out to a restaurant for dinner.


b. Ann and Tim buy a microwave oven.


c. Ann and Tim buy vegetables to prepare soup at home.


d. Ann prepares Tim%26#039;s income tax return.


e. Tim buys Ann flowers.


2 hours ago - 3 days left to answer.


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Help help please?
DID U ACTUALLY TYPE YOUR QUESTION???





ok..


49-d


50-b


51-b


52-Canada, but m not sure.


53-false


54-a


55-c


56-c


57-b


58-


59-a


60-d


61-c


62-c


63-e



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