Corn Output Resulting from Genetic Engineering
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Corn Output Resulting from Genetic Engineering
An event that allows the economy to operate more efficiently by producing more outputs without…
1)
An event that allows the economy to operate more efficiently by producing more
outputs without using any more inputs is referred to as
A)
absolute progress.
B)
efficiency progress.
C)
capital investment.
D)
technological progress.2)
Which of the following is NOT an example of technological progress?
A)
an increase in the labor supply as the result of population growth
B)
the development of laser eye surgery
C)
the invention of the microwave oven
D)
the development of smart phones3)
Which of the following is NOT an example of technological progress?
A)
builders constructing a new office building that uses less energy
B)
an increase in Florida’s orange crop resulting from a mild winter
C)
the invention of wireless Internet access
D)
the development of blue tooth headsets4)
Which of the following is an example of technological progress?
A)
an increase in corn output resulting from genetic engineering
B)
the invention of the air conditioner
C)
the invention of LCD televisions
D)
all of the above5)
According to Robert Solow, the production function should be written as
A)
Y = F(K, L).
B)
Y = F(K, L, A).
C)
Y = F(K, A).
D)
Y = F(A, L).6)
Growth accounting refers to the method used to
A)
identify the contribution of economic growth from increased capital, labor, and
technological progress.
B)
identify the costs of promises made by the government today but paid for by
future generations.
C)
measure the growth in the labor force.
D)
measure growth in the capital stock.7)
According to the method of growth accounting, which of the following contribute
to economic growth?
A)
capital growth
B)
labor growth
C)
technological progress
D)
all of the above8)
Suppose the growth rate of GDP in the United States is 4.2%. If 2.9% and 1.3%
of GDP growth are due, respectively, to capital and labor growth, the amount
resulting from technological progress is
A)
0%.
B)
1.3%.
C)
2.9%.
D)
4.2%.9)
Suppose the growth rate of GDP in the United States is 4.2%. If 1.1% and 1.4%
of GDP growth are due, respectively, to capital and labor growth, the amount
resulting from technological progress is
A)
0.3%.
B)
1.1%.
C)
1.4%.
D)
1.7%.Recall
the Application about growth in China and India to answer the following
question(s). From 1978 to 2004, China grew at a rate of 9.3% per year and India
grew at a rate of 5.4% per year.10)
Recall the application. Based on the analysis of the sources of growth in China
and India, and assuming that nothing changes, it can be concluded that
A)
India’s long-term growth prospects are not as strong those for China.
B)
the growth rate in China should significantly slowdown in the near future, but
the growth rate in India will continue to rapidly increase in the near and
distant future.
C)
there is convergence between the nations in Asia.
D)
China’s reliance on technology for economic growth makes it less likely to keep
pace with the growth rate in India.Corn Output Resulting from Genetic Engineering
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. 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