Chapter 13 Why Do Economies Grow?

| November 9, 2018

8)
The returns to education are
A)
lowest in developing nations.
B)
highest in developed nations.
C)
highest in developing nations.
D)
never reflected in the wages of workers.

9)
According to human capital theory, all of the following help make workers more
productive EXCEPT
A)
education.
B)
health and fitness.
C)
skills.
D)
increased unemployment benefits.

10)
In developing countries, the highest returns are from investing in
A)
transportation systems.
B)
sanitation systems.
C)
education.
D)
defense.

11)
Developing countries send their best students for education in developed
countries to help develop
A)
more education people.
B)
a channel of communications.
C)
a skilled work force.
D)
better political skills.

12)
Knowledge and skills are part of ________ in an economy.
A)
educational functions
B)
human capital
C)
market growth
D)
innovation

13)
In developing countries, economists have found ________ correlation between a person’s
height and the wages he can earn in the farming sector.
A)
a weak
B)
a strong
C)
an inverse
D)
no

Recall
the Application about the possibilities of transformative economic growth in
authoritarian and participatory political institutions to answer the following
question(s).

14)
Recall the application. Economist Daron Acemoglu categorizes which of the
following as authoritarian institutions?
A)
democracies, monarchies, and dictatorships
B)
constitutionally limited monarchies and democracies
C)
monarchies, dictatorships, and tightly controlled oligarchies
D)
tightly controlled oligarchies, democracies, and constitutionally limited
monarchies

15)
Recall the application. Economist Daron Acemoglu categorizes which of the
following as participatory institutions?
A)
democracies, monarchies, and dictatorships
B)
constitutionally limited monarchies and democracies
C)
monarchies, dictatorships, and tightly controlled oligarchies
D)
tightly controlled oligarchies, democracies, and constitutionally limited
monarchies

16)
Recall the application. Transformative economic growth, such as that which
occurred with the Industrial Revolution, typically requires
A)
more participatory political institutions.
B)
more authoritarian political institutions.
C)
both participatory and authoritarian political institutions.
D)
neither participatory nor authoritarian political institutions.

17)
Recall the application. ________ regimes have difficulty coping with the
changes arising from sustained technological progress.
A)
authoritarian
B)
participatory
C)
democratic
D)
all political

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