1. One way to raise future productivity is to invest less current resources in the production of capital.

ANSWER: F

POINTS: 0 / 1

2. Diminishing returns occur when the benefits from an extra unit of output declines as the quantity of output declines.

ANSWER: F

POINTS: 0 / 1

3. Malthusian theory states that an ever-increasing population would continually strain society's ability to provide for itself. This doomed human beings to forever live in poverty.

ANSWER: T

POINTS: 0 / 1

4. Productivity growth is measured by real output per worker.

ANSWER: T

POINTS: 0 / 1

5. The primary reason that living standards are higher today than they were a century ago is that technological knowledge has advanced.

ANSWER: T

POINTS: 0 / 1

Multiple Choice

Identify the choice that best completes the statement or answers the question.

1. Of the following countries, which grew the slowest over the last 100 years? a. Brazil.

b. Mexico.

c. Singapore.

d. United States.

ANSWER: D