The productivity speed-up of the 1950s and the 1960s could have been caused by
A. wartime innovations.
B. civilian innovations after World War II.
C. industrial innovations spurred by the Korean and Vietnam conflicts.
D. decreases in the rate of population growth.
Answer: B
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Which of the following is an example of an economic investment?
A. Purchasing shares of a mutual fund B. Putting money in a bank CD C. Buying a corporate bond or stock D. Building a new bank office
Which of the following best describes the vicious cycle of poverty? a. Rich countries eventually decline because its citizens become lazy
b. Poor countries eventually improve through investment in education, infrastructure, and capital accumulation. c. Rich countries stay rich through continued high levels of investment in education, infrastructure, and capital accumulation. d. Poor countries stay poor because they cannot afford to invest in education, infrastructure, and capital accumulation.
According to the Coase theorem, if transactions and negotiations are costless:
a. people would arrive at agreements that maximize their individual benefits. b. people would arrive at agreements that maximize the total economic value. c. people would arrive at agreements that minimize their individual costs. d. people would arrive at agreement that minimize the total social cost.
Which statement is true?
A. Poor people generally receive Social Security benefits. B. Medicaid is an "in-kind" benefit paid to poor people. C. Nearly all of the poor receive public assistance. D. None of these statements are true.