QUESTION 13All else equal, suppose Country A has a higher level of economic mobility than Country B, which country would be more likely to have higher economic growth?a.Country Ab.Country Bc.There is no relationship between growth and economic mobilityd.It depends on what percentage of mobility is due to intergenerational mobility QUESTION 14The Lorenz curve shows the relationship between which of the following?a.Income inequality and GDP per capitab.Gini coefficients in one country over timec.The percentage of households and the percentage of income earned by those householdsd.Quintiles of income and average income of each quintile QUESTION 15Suppose a country has two sectors, A and B. Sector A uses more physical capital than B and workers are therefore more productive in sector A than in B. Suppose labor is freely mobile between the two sectors. An efficient allocation of labor requires that in equilibrium:a.sector A pays a higher wage than sector Bb.the marginal product in sector A is higher than in sector Bc.the marginal product is the same in both sectorsd.none of the above is true QUESTION 16Which of the following countries has the highest level of efficiency?a.A country with productivity of 12 and technology of 2b.A country with productivity of 10 and technology of 2c.A country with productivity of 12 and technology of 4d.A country with productivity of 4 and technology of QUESTION 17According to David Weil, the greatest impact of government on economic growth is through its impact ona.Factor accumulationb.Technological growthc.Efficiencyd.All of the above QUESTION 18Suppose that technology in Country A is 30 years ahead of technology in Country B, and the annual growth rate of technology in Country A is 0.81% per year. What is the ratio of technology in Country B to that of Country A?a.0.92b.0.85c.0.79d.0.72e.none of the above QUESTION 19Suppose the ratio of technology in Country B to that of Country A is 0.92. The ratio of country B’s productivity to country A’s is 0.35. The ratio of efficiency in Country B to that of Country A is:a.0.38b.0.41c.0.45d.0.48e.none of the above QUESTION 20The productivity slow-down in the U.S between 1972 and 1995 was most likely caused by the following excepta.The growth rate of technology fellb.The efficiency of the economy fellc.The price of oil felld.All of the above