08_will_macro5c_tb_ch08

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1、Macroeconomics,5Ce(Williamson)Chapter8IncomeDisparityamongCountriesandEndogenousGrowth1)IncomeperworkerhasbeenA)converginginboththerichcountriesandthepoorcountries.B)convergingintherichcountries,butnotconverginginthepoorcountries.C)converginginthepoorc

2、ountriesbutnotconvergingintherichcountries.D)converginginneitherthepoornortherichcountries.E)fluctuatingsignificantlyforboththerichandpoorcountries.Answer:BType:MCPageRef:245-2492)Whatexplainsthedifferencesinstandardsoflivingacrosscountries?A)different

3、employmentlevelsB)differentclimatesC)freetradeagreementsD)differentbarrierstotechnologyadoptionE)barrierstoforeigncapitalflowsAnswer:DType:MCPageRef:245-2493)FortheSolowmodeltoaccuratelyexplaintheobserveddivergenceofgrowthexperiencearoundtheworldwouldr

4、equireA)differencesinsavingsratesacrosscountries.B)differencesinpopulationgrowthratesacrosscountries.C)barrierstotheintroductionofnewtechnologies.D)inadequateeducationalopportunitiesinpoorcountries.E)differencesinconsumptionperworker.Answer:CType:MCPag

5、eRef:245-2494)AccordingtotheSolowmodel,differencesinstandardsoflivingacrosscountriesisexplainedbyA)differencesinlaboursupply.B)differencesinpopulationgrowth.C)differencesintotalfactorproductivity.D)differentbarrierstotechnologyadoption.E)differentstead

6、ystates.Answer:DType:MCPageRef:245-2498-15Copyright©2018PearsonCanadaInc.5)Whatcausesbarrierstotechnologyadoption?A)weatherB)populationC)politicalbarrierstointernationaltradeD)taxpoliciesE)thesizeofgovernmentAnswer:CType:MCPageRef:245-2496)Supposeacoun

7、tryissignificantlyricherthantheothers.AccordingtotheSolowgrowthmodel,whathappensinthelongrun?A)Theothercountriescatchuptotherichone.B)Nothing.C)Therichcountrybecomespoorerthantheotherones.D)Therichcountrygrowsthefastest.E)Bothgrowatthesamerateandtheinc

8、omedifferencespersist.Answer:AType:MCPageRef:245-2497)AmajordifferencesbetweentheSolowgrowthmodelandtheendogenousgrowthmodelisA)thelevelofconsumptioninthelongrun.B)thedifferentlevelsofsteadystates.C)theSolowgrowthmodelassumesfavourablec