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[mike1942f]

49. Physical capital includes all of the following excepta. roads and bridgesb. machinery and factoriesc. communications networksd. high school diploma or college degreee. a new dump truck50. Per capita GDP in the United States has declined since 1950.a. Trueb. False51. In order for a society to have a rising standard of living, output per worker must growa. more slowly than the labor forceb. at the same rate as the populationc. faster than the populationd. more slowly than the populatione. at a rate of 3 percent per year and population must grow at a rate of 5 percent per year52. The major industrialized country with the highest level of per capita real output in 2003 wasa. Canadab. the United Statesc. Italyd. Francee. Germany53. Basic research has less immediate payoff to society but is likely to be more important than applied research in fostering long-term growth.a. Trueb. False54. Which of the following is an example of basic research?a. An animal test is used to determine if a product contains irritants.b. Soft-drink bottlers test consumer reactions to their advertisements.c. A statistician calculates the odds of winning a promotional sweepstakes that a company is running.d. A catalog-sales company times its operators to see how many calls each is handling per day.e. A chemist builds a mathematical model of the atmosphere of Jupiter.55. The objective of industrial policy isa. unclear, since the policy has no economic basisb. to restore the primacy of mature industries, such as steel and automobile productionc. to spread manufacturing industry more evenly across the nationd. to encourage economic development in poorer nationse. to give domestic industry an advantage over foreign competitors56. The concept of "clustering" refers toa. locating new firms in a geographic area where competitive firms have not locatedb. locating new firms in a geographic area where many other firms have already locatedc. locating new firms in a geographic area already thick with firms in the same or related industriesd. encouraging established firms to relocate to the South and Northeaste. encouraging workers to move nearer to their employers57. The economic theory that states that as time passes, economic systems become much more similar, with common rates of growth, common employment levels and common rates of inflation is known asa. divergence theoryb. parallel path theoryc. convergence theoryd. non-competing economic systems theorye. static state theory58. In double-entry GDP accounting,a. the value of output produced must equal the value of resource payments generated in producing that outputb. government is not counted because most of government spending is for transfer paymentsc. payments to resources must equal the value of goods sold to householdsd. inventories are counted twice, once as investment and once as outpute. intermediate goods are counted twice, once as a type of output themselves and once as part of final output59. Gross Domestic Product equals thea. total output of all goods and services produced by resources located in the U.S.b. market value of all goods and services produced by resources located in the U.S.c. market value of all final goods and services produced by resources located in the U.S.d. value added to the economy by intermediate goods and services minus original coste. value of total sales of goods and services produced in the U.S.60 Which of the following best describes an intermediate good?a. It has no value to the seller.b. It has no value to the buyer.c. It is purchased by a household for future use.d. It helps produce another good.e. It is sold at a discounted price by middlemen.61. Which of the following is the best example of an intermediate good or service?a. any good bought by a household, rather than a firmb. pizzas bought at a restaurantc. legal services hired by a public accounting firmd. sunglasses worn on a summer vacation in Floridae. a professional performance of "The Phantom of the Opera"62. Which of the following is the best example of an intermediate good?a. the flowers Mr. Grover buys at a local nurseryb. the flowers that Timmy Grover, age three, brought Mrs. Grover after he picked them from a neighbor's gardenc. the flour Grandma Grover buys to make a birthday caked. the flour that Joe buys so that he can eat pizza three nights a weeke. the flour Amy orders each month for the bakery she manages63. Which of the following would not be included in GDP as a form of consumption spending?a. Ann takes Tim out to a restaurant for dinner.b. Ann and Tim buy a microwave oven.c. Ann and Tim buy vegetables to prepare soup at home.d. Ann prepares Tim's income tax return.e. Tim buys Ann flowers.2 hours ago - 3 days left to answer. Report It

[alexa]

DID U ACTUALLY TYPE YOUR QUESTION???ok..49-d50-b51-b52-Canada, but m not sure.53-false54-a55-c56-c57-b58-59-a60-d61-c62-c63-e