ECON102 Answered Questions.

ECON102 Answered Questions. Econ 102 Answered Questions Question 1 of 10 10.0/ 10.0 Points Technological progress occurs when the economy gets more output A. without any more capital or labor. B. by using more capital per worker. C. by using more capital but not more workers. D. by using more labor but not more capital. Answer Key: A Question 2 of 10 10.0/ 10.0 Points If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience A. capital augmentation. B. investment deepening. C. labor intensity. D. capital deepening. Answer Key: D Question 3 of 10 10.0/ 10.0 Points Increases in net investment generally result in A. lower levels of capital stock and lower levels of depreciation. B. lower levels of capital stock and higher levels of depreciation. C. higher levels of capital stock and higher levels of depreciation. D. higher levels of capital stock and lower levels of depreciation. Answer Key: C Question 4 of 10 10.0/ 10.0 Points Nations that borrow from abroad to support current investment will A. always be better off in the future. B. always sacrifice future consumption. C. be better off in the future if the investments are profitable. D. sacrifice future consumption only if the investments are profitable. Answer Key: C Question 5 of 10 0.0/ 10.0 Points Nations that borrow from abroad to support current consumption A. will always be better off in the future. B. will always sacrifice future consumption. C. may sacrifice future consumption. D. will always sacrifice current consumption. Answer Key: B