A. An equal increase in both labour force participation and machinery production B. An increase in labour force participation C. An equal increase in both labour force participation and education D. An increase in the production of machinery hich of the following examples demonstrates exogenous technological change? O A. Extensive feedback mechanisms exist between users and designers. O B. Certain technology-specific skills are not embodied in books or blueprints. O C. Improvements in production processes are not always influenced by economic causes. O D. Reducing trade barriers increases innovation within firms. O E. Government spending on basic education results in a better educated population. e "new" theories of economic growth emphasize that basic research to price and profit signals. A. and product development are both unrelated B. is directly related and innovating activities is inversely related O C. and innovating activities are both directly related D. is unaffected by but product development is directly related an attempt to account for the sources of economic growth, economists today refer to the "Solow residuar as a measure of the impact of changes in A. human capital. B. Ihe sophistication and lexibility of polical syslems C. investment D. technology. E. physical capital.
A. An equal increase in both labour force participation and machinery production B. An increase in labour force participation C. An equal increase in both labour force participation and education D. An increase in the production of machinery hich of the following examples demonstrates exogenous technological change? O A. Extensive feedback mechanisms exist between users and designers. O B. Certain technology-specific skills are not embodied in books or blueprints. O C. Improvements in production processes are not always influenced by economic causes. O D. Reducing trade barriers increases innovation within firms. O E. Government spending on basic education results in a better educated population. e "new" theories of economic growth emphasize that basic research to price and profit signals. A. and product development are both unrelated B. is directly related and innovating activities is inversely related O C. and innovating activities are both directly related D. is unaffected by but product development is directly related an attempt to account for the sources of economic growth, economists today refer to the "Solow residuar as a measure of the impact of changes in A. human capital. B. Ihe sophistication and lexibility of polical syslems C. investment D. technology. E. physical capital.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Pls answer all 4 question in short 5-6 sentence only. I know as per guidline you are obliged to solve first one only. But I really need help with all fours. I will upvote you -)
Transcribed Image Text:Based on the Neoclassical growth model, which of the following explains improvements in material living standards?
O A. An equal increase in both labour force participation and machinery production
O B. An increase in labour force participation
OC. An equal increase in both labour force participation and education
O D. An increase in the production of machinery
Which of the following examples demonstrates exogenous technological change?
O A. Extensive feedback mechanisms exist between users and designers.
O B. Certain technology-specific skills are not embodied in books or blueprints.
OC. Improvements in production processes are not always influenced by economic causes.
O D. Reducing trade barriers increases innovation within firms.
E. Government spending on basic education results in a better educated population.
The "new" theories of economic growth emphasize that basic research
to price and profit signals.
O A. and product development are both unrelated
O B. is directly related and innovating activities is inversely related
OC. and innovating activities are both directly related
O D. is unaffected by but product development is directly related
In an attempt to account for the sources of economic growth, economists today refer to the "Solow residuar as a measure of the impact of changes in
A. human capital.
B. Ihe sophistizalion and flexibility of polifical sysiterns
C. investment
D. technology.
OE. physical capital.
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