Problem 21
Mancur Olson suggests that the best remedy for overcoming the economic influence of special interest groups is (LO3) a) bringing down the barriers to international trade b) having the federal government curb the influence of special interest groups c) raising tariffs on all imports that are putting American workers out of work d) having the federal government nationalize all industries dominated by special interest groups
Problem 22
Which of the following statements is true? (LO3) a) Expenditure on healthcare has declined considerably during the recent years. b) About one out of every six dollars of our GDP goes toward health care. c) The United States spends less per person on health care than most other developed nations. d) Health insurance premiums are an insignificant cost of doing business for most large companies.
Problem 23
Rapid population growth the economic development of LDCs. (LO6) a) severely hampers b) slightly hampers c) slightly helps d) greatly helps
Problem 29
Which one of the following statements would you agree with? (LO3) a) By the mid-1990s computerization had reached the critical mass necessary to significantly raise our rate of productivity growth. b) Globalization has slowed our rate of productivity growth. c) High military and homeland security spending since \(9 / 11\) has helped raise our rate of productivity growth. d) Since 2001 the United States has been able to meet nearly all its financial needs from
Problem 30
Which one of the following is the most accurate statement? (LO8) a) Baumol's Disease explains most of our loss of manufacturing jobs to foreign competitors. b) The productivity of many workers in the service sector cannot be increased. c) William Baumol believes that the expansion of the health care industry will greatly increase our productivity growth rate in the coming decades. d) The sharp increase in productivity growth since 1995 proves that Baumol's Disease has been cured.
