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Econ 102 quiz 5.
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Exam of 5 pages for the course Econ 102 at American Public University (Econ 102 quiz 5.)
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Econ 102 quiz 5Question 1 of 10 10.0/ 10.0 Points
Technological progress occurs when the economy gets more output
A. without any more capital or labor.
B. by using more capital per worker.
C. by using more capital but not more workers.
D. by using more labor but not more capital.
Answer Key: A
Question 2 of 10 10.0/ 10.0 Points
If a firm increases its use of capital while holding constant the number of workers employed, the firm
is said to experience
A. capital augmentation.
B. investment deepening.
C. labor intensity.
D. capital deepening.
Answer Key: D
Question 3 of 10 10.0/ 10.0 Points
Increases in net investment generally result in
A. lower levels of capital stock and lower levels of depreciation.
B. lower levels of capital stock and higher levels of depreciation.
C. higher levels of capital stock and higher levels of depreciation.
D. higher levels of capital stock and lower levels of depreciation.
Answer Key: C
This study source was downloaded by 100000849580189 from CourseHero.com on 08-22-2023 05:38:22 GMT -05:00
https://www.coursehero.com/file/9917971/Econ-102-quiz-5/
, Question 4 of 10 10.0/ 10.0 Points
Nations that borrow from abroad to support current investment will
A. always be better off in the future.
B. always sacrifice future consumption.
C. be better off in the future if the investments are profitable.
D. sacrifice future consumption only if the investments are profitable.
Answer Key: C
Question 5 of 10 0.0/ 10.0 Points
Nations that borrow from abroad to support current consumption
A. will always be better off in the future.
B. will always sacrifice future consumption.
C. may sacrifice future consumption.
D. will always sacrifice current consumption.
Answer Key: B
Question 6 of 10 0.0/ 10.0 Points
Trade deficits always lead to future decreases in consumption if the trade deficits
A. support current investment.
B. support current consumption.
C. support either current investment or current consumption.
D. require borrowing from abroad.
Answer Key: B
This study source was downloaded by 100000849580189 from CourseHero.com on 08-22-2023 05:38:22 GMT -05:00
https://www.coursehero.com/file/9917971/Econ-102-quiz-5/
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