Question 31

Which of the following explain why the Malthusian trap did not occur?

I.rising agricultural productivity

II.increases in the amount of capital per worker

III. slower population growth worldwide

IV.slower population growth in high-income countries

Select one:

a. all of the above

b. I and II only

c. I, II, and III only

d. I, II, and IV only

Question 32

What is an automatic stabilizer?

Select one:

a. It refers to a discretionary policy that is triggered when actual output is

not equal to potential output to improve the economy's performance.

b. It refers to a stabilization program that keeps ination in check

automatically.

c. It refers to any government program that tends to reduce uctuations in

GDP automatically.

d. It refers to a government program that is automatically triggered when

the economy enters a recession.

Question 33

Contractionary monetary policy by the Fed could include

Select one:

a. lowering the discount rate.

b. decreasing government transfer payments.

c. decreasing reserve requirements.

d. selling government securities in the open market.

Question 34

If gross private domestic investment exceeds depreciation, then

Select one:

a. net private domestic investment is zero.

b. net private domestic investment is negative.

c. the capital stock is declining.

d. the capital stock is increasing.

Question 35

A factor that has been associated with the increase in income inequality

in the United States is the:

Select one:

a. decrease in households headed by single women.

b. reduction in the percentage of the population over the age of 65.

c. smaller gap between the wages of skilled and unskilled workers.

d. way that technological change has aected labor demand.

/1 Question 37 Lorenz Curve Answer saved Marked out of 1.00 0.75 Proportion of Income 0.5 0.25 0.25 0.5 Proportion of People 0.75 In this Lorenz Curve, the formula for the GINI coefficient is: (Yellow Area) / (Yellow Area + Green Area). If the Yellow Area is 0.1 and the Green Area is 0.4, what is the GINI coefficient? Select one: our O a. 0.1 O b. 0.2 CourseHer C. 0.4 O d. 0.5 dy e. 1.0 Question 38 China's transition to market capitalism has been characterized by: Answer saved Marked out of Select one: 1.00 a. gradual change. O b. free market exchanges for all production. O c. very slow economic growth. O d. increasingly centralized decision making