Countries that are at the technological frontier must __________ to increase living standards and therefore these economies tend to grow __________ relative to countries that are below the technological frontier. a) adopt technologies, slower b) innovate, faster c) innovate, slower d) adopt technologies, faster

According to 2019 data, Japan will continue to be the most aged country in the world until 2050. Japan's workforce is estimated to drop by 13 million by 2040. How will the economy be impacted? a. The impacts on labor productivity will exceed the impacts on economic growth. b. The impacts on economic growth will exceed the impacts on labor productivity. c. The impacts on economic growth and labor productivity will be equal/comparable. d. Neither labor productivity nor economic growth will be impacted.

Economic growth in a PPF is shown as a movement down/right along the frontier. a. True b. False

Which of the following is an example of foreign direct investment (FDI)?   A. A US development grant to improve access to electricity in Africa B. Adidas importing t-shirts for sale in the United States C. Wal-Mart buying a local supermarket chain in Turkey D. A World Bank loan to improve infrastructure