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Question 14 (1 point) Refer to the production possibilities frontiers below. Panel A illustrates economic growth and Panel B illustrates economic growth. Panel A Panel
Question 14 (1 point) Refer to the production possibilities frontiers below. Panel A illustrates economic growth and Panel B illustrates economic growth. Panel A Panel B O a) short-run; long-run. O b) long-run; short-run. O c) short-run; short-run. O d) long-run; long-run. Question 15 (1 point) If the actual growth rate of U.S. GDP was 1.25% for every quarter for one year, the Bureau of Economic Analysis would report the annualized rate as: O a) 5%. O b) 0.3125%. O c) 1.25%. O d) 15%. Question 16 (1 point) Technology: a) is a physical resource. O b) improves the productivity of all factors. O c) is another term for entrepreneurial ability. O d) is a manufactured product used to produce other goods and services.Question 19 (1 point) What is the primary explanation for the rapid growth of the U.S. economy over the last century? [7 \\ l. i - . . . \\J a) Increases in the number of immigrants in" bl technological progress (" x . i . - . *4 Cl increases In human capital , L) d) increases in government spending for the infrastructure Question 20 (1 point) Which of the following could be a source of increases in productivity? {'7 \\ i . '4 a) research and development ./"\\ i I '\\/ bl improvements in labor quality _/- \\ L," C) capital investment ( \\ \\J C\" All of the answers are correct. Question 21 (1 point) Unemployment rates over the past 50 years before the pandemic had tended to hover around: '49' a) 25% to 26%. r"\\ c; b) 15% to 20% /"\\ L.) c) 1% to 2%. d) 5% to 6%
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