Principles of Economics 2e 2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: Steven A. Greenlaw; David Shapiro
1 Welcome To Economics! 2 Choice In A World Of Scarcity 3 Demand And Supply 4 Labor And Financial Markets 5 Elasticity 6 Consumer Choices 7 Production, Costs, And Industry Structure 8 Perfect Competition 9 Monopoly 10 Monopolistic Competition And Oligopoly 11 Monopoly And Antitrust Policy 12 Environmental Protection And Negative Externalities 13 Positive Externalities And Public Goods 14 Labor Markets And Income 15 Poverty And Economic Inequality 16 Information, Risk, And Insurance 17 Financial Markets 18 Public Economy 19 The Macroeconomic Perspective 20 Economic Growth 21 Unemployment 22 Inflation 23 The International Trade And Capital Flows 24 The Aggregate Demand/aggregate Supply Model 25 The Keynesian Perspective 26 The Neoclassical Perspective 27 Money And Banking 28 Monetary Policy And Bank Regulation 29 Exchange Rates And International Capital Flows 30 Government Budgets And Fiscal Policy 31 The Impacts Of Government Borrowing 32 Macroeconomic Policy Around The World 33 International Trade 34 Globalization And Protectionism A The Use Of Mathematics In Principles Of Economics B Indifference Curves C Present Discounted Value D The Expenditure-output Model Chapter20: Economic Growth
Chapter Questions Section: Chapter Questions
Problem 1SCQ: Explain what the Industrial Revolution was and where it began. Problem 2SCQ: Explain the difference between property rights and contractual rights. Why do they matter to... Problem 3SCQ: Are there other ways in which we can measure productivity besides the amount produced per hour of... Problem 4SCQ: Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the... Problem 5SCQ: What do the growth accounting studies conclude are the determinants of growth? Which is more... Problem 6SCQ: What policies can the government of a free-market economy implement to stimulate economic growth? Problem 7SCQ: List the areas where government policy can help economic growth. Problem 8SCQ: Use an example to explain why, after periods of rapid growth, a low-income country that has not... Problem 9SCQ: Would the following events usually lead to capital deepening? Why or why not? A weak economy in... Problem 10SCQ: What are the advantages of backwardness for economic growth? Problem 11SCQ: Would you expect capital deepening to result in diminished1etmns? Why or why not? Would you expect... Problem 12SCQ: Why dues productivity growth in high-income economies not slow down as it runs into diminishing... Problem 13RQ: How did the Industrial Revolution increase the economic growth rate and income levels in the United... Problem 14RQ: How much should a nation be concerned if its rate of economic growth is just 2 slower than other... Problem 15RQ: How is GDP per capita calculated differently from labor productivity? Problem 16RQ: How do gains in labor productivity lead to gains in GDP per capita? Problem 17RQ: What is an aggregate production function? Problem 18RQ: What is capital deepening? Problem 19RQ: What do economists mean when they refer to improvements in technology? Problem 20RQ: For a high-income economy like the United States, what aggregate production function elements are... Problem 21RQ: List some arguments for and against the likelihood of convergence. Problem 22CTQ: Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita... Problem 23CTQ: Labor Productivity and Economic Growth outlined the logic of how increased productivity is... Problem 24CTQ: Change in labor productivity is one of the most watched international statistics of growth. Visit... Problem 25CTQ: Refer back to the Work It Out about Comparing the Economies of Two Countries and examine the data... Problem 26CTQ: Education seems to be important for human capital deepening. As people become better educated and... Problem 27CTQ: Describe some of the political and social tradeoffs that might occur when a less developed country... Problem 28CTQ: Why is investing in girls education beneficial for growth? Problem 29CTQ: How is the concept of technology, as defined with the aggregate production function, different from... Problem 30CTQ: What sorts of policies can governments implement to encourage convergence? Problem 31CTQ: As technological change makes us more sedentary and food costs increase, obesity is likely. What... Problem 32P: An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it... Problem 33P: An economy starts off with a GDP per capital of 12,000 euros. How large will the GDP per capita be... Problem 34P: Say that the average worker in Canada has a productivity level of 30 per hour while the average... Problem 35P: Say that the average worker in the U.S. economy is eight times as productive as an average worker in... Problem 7SCQ: List the areas where government policy can help economic growth.
Related questions
1) List three public policies, other than fiscal and monetary, that can facilitate economic growth in a Caribbean economy.
Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.
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