Which one of the following is not true for the process of long-run economic growth? A) Societies endowed with higher levels of human capital grow faster in the long run. B) Societies that save a larger fraction of national income are richer in the long run. C) In economies with a larger number of firms, the economy grows faster in the long run. D) Fertility is both a consequence and a cause of long-run economic growth.

Which one of the following is not true for the process of long-run economic growth? A) Societies endowed with higher levels of human capital grow faster in the long run. B) Societies that save a larger fraction of national income are richer in the long run. C) In economies with a larger number of firms, the economy grows faster in the long run. D) Fertility is both a consequence and a cause of long-run economic growth.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 9P

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Which of the following is unlikely to affect the rate of economic growth? Group of answer choices technological change the level of government spending the quality of available resources the quantity of available resources Which of the government policies below is most unlikely to encourage per capita economic growth? Group of answer choices the use of tax revenues for investment and capital formation promotion of education and training programs for workers high taxes on companies that spend a lot on capital formation special subsidies for capital-intensive forms of production Which of the following did not result in economic growth? Group of answer choices Installing a network of irrigation ditches and pumping stations in order to grow fruits and vegetables in parts of southern California. Many citizens emigrating from Zimbabwe when a politically repressive regime took office. The invention of a threshing machine for harvesting grains. Increased government…
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