ECO 372 Week 5 Final Exam Guide 2017 | eBooks | Computers

ECO 372 Week 5 Final Exam Guide 2017

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ECO 372 Week 5 Final Exam Guide 2017

https://zh.scribd.com/document/343514419/Uop-Tutorial

 

ECO 372 Week 5 Final Exam Guide 2017

 

There is an increase in human capital when _____.?

?Samantha receives training in quality management after joining a new firm

?Shiroh persuades the management of her company to offer more perks to employees

?Sue rents a laser printer to teach her employees how to fix it

?Susie puts in more than 8 hours of work at her workplace every day

 

 

 

2

In the long run, a higher saving rate:?

?does not lead to a higher level of income because of deterioration in labor productivity.

?always leads to a higher level of productivity because of increasing returns to scale.

?always leads to a higher growth rate of output because of improvement in the stock of human capital.

?does not always lead to a higher growth rate of output because of diminishing returns to capital.

 

 

3

The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will:?

?increase the gross domestic product of the domestic country by $5,000.

?decrease the consumption expenditure in the domestic country by $5,000.

?decrease the net imports of the domestic country by $5,000.

?reduce the net exports of the domestic country by $5,000.

 

 

4

Suppose the net capital outflow from Zenovia is negative. This implies that:?

?the citizens of Zenovia are investing more in foreign assets than foreigners are investing in assets in Zenovia.

?the real interest rate in foreign countries is higher than in Zenovia.

?foreigners are not interested in buying assets in Zenovia.

?the real interest rate in Zenovia is high.

 

5

The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LRAS. The economy was initially in equilibrium when there was a decrease in aggregate demand, causing a shift of the aggregate demand curve from AD1 to AD2. Which of the following is true in this case??

ECO 372 Week 5 Final Exam Guide 2017 https://zh.scribd.com/document/343514419/Uop-Tutorial ECO 372 Week 5 Final Exam Guide 2017 There is an increase in human capital when _____.? ?Samantha receives training in quality management after join
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