All Chapter Download Macroeconomics Canadian 4th Edition Williamson Test Bank

Download the full version of the testbank or
solution manual at testbankbell.com
Macroeconomics Canadian 4th Edition

Williamson Test Bank
https://testbankfan.com/product/macroeconomics-
canadian-4th-edition-williamson-test-bank/
Explore and download more testbank or solution manual

at https://testbankfan.com
Recommended digital products (PDF, EPUB, MOBI) that
you can download immediately if you are interested.
Macroeconomics Canadian 4th Edition Williamson Solutions

Manual
https://testbankfan.com/product/macroeconomics-canadian-4th-edition-
williamson-solutions-manual/
testbankbell.com
Macroeconomics Fourth Canadian Edition Canadian 4th

Edition Williamson Test Bank
https://testbankfan.com/product/macroeconomics-fourth-canadian-
edition-canadian-4th-edition-williamson-test-bank/
testbankbell.com
Macroeconomics Canadian 5th Edition Williamson Test Bank
https://testbankfan.com/product/macroeconomics-canadian-5th-edition-
williamson-test-bank/
testbankbell.com
Priorities in Critical Care Nursing 7th edition Urden Test

Bank
https://testbankfan.com/product/priorities-in-critical-care-
nursing-7th-edition-urden-test-bank/
testbankbell.com
Basic College Mathematics 10th Edition Lial Solutions
Manual
https://testbankfan.com/product/basic-college-mathematics-10th-
edition-lial-solutions-manual/
testbankbell.com
Contemporary Advertising and Integrated Marketing

Communications 15th Edition Arens Solutions Manual
https://testbankfan.com/product/contemporary-advertising-and-
integrated-marketing-communications-15th-edition-arens-solutions-
manual/
testbankbell.com
Quantitative Analysis For Management 11th Edition Render

Test Bank
https://testbankfan.com/product/quantitative-analysis-for-
management-11th-edition-render-test-bank/
testbankbell.com
Managerial Accounting 3rd Edition Braun Solutions Manual
https://testbankfan.com/product/managerial-accounting-3rd-edition-
braun-solutions-manual/
testbankbell.com
Content Area Reading Literacy and Learning Across the

Curriculum 12th Edition Vacca Solutions Manual
https://testbankfan.com/product/content-area-reading-literacy-and-
learning-across-the-curriculum-12th-edition-vacca-solutions-manual/
testbankbell.com
General Organic and Biochemistry An Applied Approach 2nd
Edition James Armstrong Solutions Manual
https://testbankfan.com/product/general-organic-and-biochemistry-an-
applied-approach-2nd-edition-james-armstrong-solutions-manual/
testbankbell.com
Macroeconomics, Cdn. 4e (Williamson)
Chapter 8 Income Disparity among Countries and Endogenous Growth
1) Income per worker has been

A) converging in both the rich countries and the poor countries.
B) converging in the rich countries, but not converging in the poor countries.
C) converging in the poor countries but not converging in the rich countries.
D) converging in neither the poor nor the rich countries.
E) has fluctuated significantly for both the rich and poor countries.
Answer: B
Type: MC Page Ref: P. 250
2) What explains the differences in standards of living across countries?

A) different employment levels
B) different climates
C) free trade agreements
D) different barriers to technology adoption
E) barriers to foreign capital flows
Answer: D
3) For the Solow model to accurately explain the observed divergence of growth experience around the
world would require
A) differences in savings rates across countries.
B) differences in population growth rates across countries.
C) barriers to the introduction of new technologies.
D) inadequate educational opportunities in poor countries.
E) differences in consumption per worker.
Answer: C
4) According to the Solow model, differences in standards of living across countries is explained by
A) differences in labour supply.
B) differences in population growth.
C) differences in total factor productivity.
D) different barriers to technology adoption.
E) different steady states.
Answer: D
5) What causes barriers to technology adoption?

A) weather
B) population
C) political barriers to international trade
D) tax policies
E) the size of government
Answer: C
1
© 2013 Pearson Education Canada
6) Suppose a country is significantly richer than the others. According to the Solow growth model, what
happens in the long-run?
A) The other countries catch up to the rich one.
B) Nothing.
C) The rich country becomes poorer than the other ones.
D) The rich country grows the fastest.
E) Both grow at the same rate and the income differences persist.
Answer: A
7) A major differences between the Solow growth model and the endogenous growth model is
A) the level of consumption in the long run.
B) the different levels of steady states.
C) the Solow growth model assumes favourable changes in government regulations.
D) the endogenous growth model assumes continuous declines in the prices of inputs.
E) the endogenous growth model does not predict convergence in levels of per capita incomes across
countries.
Answer: E
8) In contrast to the Solow growth model, the endogenous growth model

A) does not take standards of living into account.
B) does not take savings into account.
C) predicts persistent differences in per capita income.
D) predicts convergence in per capita incomes over time.
E) does not explain reality.
Answer: C
9) In the Solow growth model, countries with identical total factor productivities, identical labour force
growth rates, and identical savings rates
A) always have identical levels of capital per worker and output per worker.
B) in equilibrium, have identical levels of capital per worker and output per worker.
C) in equilibrium, have identical levels of capital per worker but not necessarily identical levels of
output per worker.
D) in equilibrium, have identical levels of output per worker but not necessarily identical levels of
capital per worker.
E) there is no convergence to the same level of capital per worker or output per worker.
Answer: B
10) The Solow growth model predicts that aggregate output

A) will grow at the rate of the labour force growth in the long run.
B) will grow at the rate of the population growth in the long run.
C) will grow at the rate of the growth in capital per worker in the long run.
D) will grow at the rate of the growth in income per worker in the long run.
E) will be maximized in the long run.
Answer: A
2
11) Suppose that two countries share identical levels of total factor productivity, identical labour force
growth rates and identical savings rates. According to the Solow model,
A) the country with the greater initial level of output per worker will grow more rapidly than the country
with the smaller initial level of output per worker.
B) the country with the smaller initial level of output per worker will grow more rapidly than the country
with the greater initial level of output per worker.
C) both countries will have the same growth rates of output per worker, even if they start out with
different levels of output per worker.
D) if both countries start out with different levels of income per worker, both countries may have
different growth rates of output per worker, but we cannot be certain which country will have the higher
growth rate of output per worker.
E) the country with the smaller initial income per worker will grow more rapidly than the country with
the greater initial level of income per worker.
Answer: B
12) Countries do not have access to the same technology when

A) government introduces laws to make it easy for labour unions to organize.
B) population growth rates increase.
C) governments enter into free trade agreements.
D) total factor productivity does not converge.
E) labour supply declines.
Answer: A
13) If monopoly power is not protected by government,

A) firms must develop and implement new technologies to increase productivity.
B) firms must lobby for protection.
C) other barriers to technology adoption will emerge.
D) a country's standard of living will decline.
E) firms have no incentive to innovate and increase productivity.
Answer: A
14) Barriers to the adoption of new technology causes

A) total factor productivity to differ.
B) the size of government to diminish.
C) new government policies to be implemented.
D) trade restrictions to be imposed.
E) output per worker to rise.
Answer: A
3
15) What can governments do to promote economic development in light of technology adoption
barriers?
A) allow population growth rates to increase
B) improve the environment
C) increase government spending
D) promote free trade
E) promote labour unions
Answer: D
16) Government ownership of production

A) encourages competition.
B) should never happen.
C) increases total factor productivity.
D) leads to protection of employment at the expense of efficiency.
E) is negatively correlated with economic growth.
Answer: D
17) Barriers to Riches, by S. Parente and E. Prescott, emphasizes the importance of

A) barriers to technological adoption.
B) barriers to the development of natural resources.
C) public education.
D) endogenous growth.
E) free trade.
Answer: A
18) Parente and Prescott provide evidence that total factor productivity across countries can be explained
by
A) differences in political ideologies.
B) differences in economic systems.
C) differences in savings rates.
D) barriers to technology adoption.
E) differences in levels of human capital.
Answer: D
19) The importance of barriers to the adoption of technologies is supported by research by

A) P. Romer.
B) R. Lucas.
C) S. Parente and E. Prescott.
D) G. Glomm and B. Ravikumar.
E) Friedman and Lucas.
Answer: C
4
20) In the context of the Solow growth model, so-called growth miracles, such as Japan, South Korea,
Singapore and Hong Kong are most easily explained by
A) reductions in the population growth rate.
B) increases in the savings rate.
C) removal of barriers to technology.
D) improvements in public health.
E) promoting free trade.
Answer: C
21) In the context of the Solow growth model, economic growth miracles have not occurred in the
richest countries of the world. The important growth miracle after World War II occurred in
A) Mexico, Venezuela, Asia.
B) Sweden, Finland, Italy.
C) France, Germany, the U.K..
D) Russia.
E) Japan, Singapore, Hong Kong.
Answer: E
22) As a measure of aggregate economic welfare, real GDP misses which of the following?
A) how the income is distributed across the population
B) market activity
C) incomes
D) total output
E) the distribution of output across sectors of the economy
Answer: A
Type: MC Page Ref: P.257
23) Which of the following is a drawback of using real GDP to measure of aggregate economic welfare?
A) It does not accurately measure aggregate output.
B) It does not account for leisure.
C) Incomes are underestimated.
D) Incomes are overestimated.
E) It flucates over time.
Answer: B
Type: MC Page Ref: P.257-258
24) According to research by Charles Jones and Peter Klenow, using a broader measure of welfare than
real GDP,
A) Americans are better off than Canadians.
B) Canadians and Americans are equally as well off.
C) Canadians are better off than Americans.
D) France is better off than the U.S.
E) France is better off than Canada.
Answer: C
5
25) A primary deficiency of the Solow growth model is that
A) it does not explain the savings and investment relationship.
B) it does not explain per capita output itself.
C) it does not explain changes in total factor productivity.
D) it does not explain economic development.
E) it does not explain how to control population.
Answer: B
26) Total factor productivity growth involves

A) spending on national defence and the environment.
B) research and development by firms, education, and training on the job.
C) increasing the size of government.
D) increasing consumption per worker and income per worker.
E) favourable government policies.
Answer: B
27) The endogenous growth models were characterized by

A) Friedman and Lucas.
B) Parente and Prescott.
C) Lucas and Romer.
D) Solow.
E) Malthus.
Answer: C
28) Human capital is

A) the accumulated stock of skills and education a worker has.
B) the accumulated stock of skills and capital a worker has.
C) a measure of aggregate economic welfare.
D) a measure of physical capital per worker used in endogenous growth models.
E) the accumulated stock of physical capital per worker.
Answer: A
29) In the endogenous growth models of Lucas and Romer, an increase in a worker's level of human
capital
A) increases the amount of additional human capital he or she can produce, but does not increase the
amount of output she can produce.
B) increases the amount of additional output he or she can produce, but does not increase the amount of
human capital she can produce.
C) increases both the amount of additional human capital he or she can produce and the amount of
output she can produce.
D) increases neither the amount of additional human capital he or she can produce nor the amount of
output she can produce.
E) increases both the amount of additional human capital he or she can produce and the amount of total
factor productivity produced.
Answer: C
6
30) In the endogenous growth models of Lucas and Romer, workers divide their time between market
work and
A) accumulating physical capital.
B) accumulating human capital.
C) trying to invent new production processes.
D) work at home.
E) leisure.
Answer: B
31) In the endogenous growth models of Lucas and Romer, human capital accumulation is best
described as a form of
A) consumption.
B) investment.
C) government spending.
D) natural resource.
E) total factor productivity.
Answer: B
32) Nonrivalry means

A) it is impossible or extremely costly to prevent someone from benefitting from a good.
B) it is possible to prevent a person from enjoying the benefits of a good.
C) consumption of a good does not decrease the consumption of the good by another person.
D) the consumption of a good by one person decreases consumption of the good by another person.
E) the quantity of a good that a person is able to consume is not influenced by the amount the person
pays for the good.
Answer: C
33) Which of the following statements best describes the characteristics of accumulating physical capital
and human capital?
A) Both physical capital accumulation and human capital accumulation are characterized by decreasing
marginal returns.
B) Physical capital accumulation is subject to decreasing marginal returns, but human capital
accumulation is not.
C) Human capital accumulation is subject to decreasing marginal returns, but physical capital
accumulation is not.
D) Neither physical capital accumulation nor human capital accumulation is characterized by decreasing
marginal returns.
E) Both physical capital accumulation and human capital accumulation are characterized by increasing
marginal returns.
Answer: B
7
34) Paul Romer argues that a key feature of knowledge is
A) divisibility.
B) private ownership.
C) nonrivalry.
D) durability.
E) physical capital.
Answer: C
35) Human capital accumulation is different from physical capital accumulation in that
A) human capital costs more to acquire.
B) human capital is less productive.
C) there is no limit to human knowledge or how productive individuals can become.
D) human capital suffers from diminishing marginal returns.
E) physical capital has higher returns.
Answer: C
36) Which of the following is best characterized as being nonrivalrous?

A) consumption goods
B) services
C) physical capital
D) knowledge
E) natural resources
Answer: D
37) In the endogenous growth model, for the consumer more time spent working implies
A) less human capital accumulation.
B) more human capital accumulation.
C) learning by doing human capital accumulation.
D) more leisure.
E) no effects on human capital accumulation.
Answer: A
38) A key characteristic of the production function in the endogenous growth model presented in the text
is that
A) there are increasing returns to scale in human capital.
B) there are decreasing returns to scale in human capital.
C) there are constant returns to scale in human capital.
D) at low levels of human capital, there are increasing returns to scale in human capital, while at high
levels of human capital, there are decreasing returns to scale in human capital.
E) there are substantial diminishing marginal returns to human capital.
Answer: C
8
39) In the endogenous growth model presented in the text, suppose that u represents the fraction of time
spent working (as opposed to accumulating human capital), b represents the efficiency of human capital
accumulation, H represents the amount of human capital, and z represents the marginal product of
efficiency units of labour. Consumption equals
A) buH.
B) zuH.
C) buz.
D) buzH.
E) ebuH2.
Answer: B
40) In the equation describing the accumulation of human capital, H' = b(1-u)H, the parameter b
determines
A) the efficiency of the educational sector.
B) the efficiency of human capital.
C) physical capital accumulation.
D) the level of human capital in equilibrium.
E) the growth rate of the labour force in equilibrium.
Answer: A
spent working (as opposed to accumulating human capital) and b represents the efficiency of human
capital accumulation. The growth rate of human capital equals
A) u(1 - b) - 1.
B) 1 + b(1 - u).
C) (1 + b)(1 - u).
D) b(1 - u) - 1.
E) b(1 - u)2.
Answer: D
spent working (as opposed to accumulating human capital) and b represents the efficiency of human
capital accumulation. The growth rate of consumption equals
A) u(1 - b) - 1.
B) 1 + b(1 - u).
C) (1 - b)(1 - u).
D) b(1 - u) - 1.
E) b(1 - u)2.
Answer: D
9
43) In the endogenous growth model,
A) the growth rate of human capital is greater than the growth rate of output.
B) the growth rate of human capital is equal to the growth rate of output.
C) the growth rate of capital is less than the growth rate of output.
D) the growth rate of output is greater than to the growth rate of human capital.
E) the growth rate of output is equal to the growth rate of human capital.
Answer: E
44) In the endogenous growth model presented in the text,

A) consumption grows faster than human capital.
B) human capital grows faster than consumption.
C) both consumption and human capital grow at the same rate.
D) neither consumption nor human capital grows in the steady-state.
E) consumption and human capital grow at varying rates.
Answer: C
45) In the endogenous growth model presented in the text, an increase in the efficiency of human capital
accumulation
A) increases the growth rate of human capital and increases the growth rate of output.
B) increases the growth rate of human capital and decreases the growth rate of output.
C) decreases the growth rate of human capital and increases the growth rate of output.
D) decreases the growth rate of human capital and decreases the growth rate of output.
E) decreases the growth rate of human capital and reduces total factor productivity.
Answer: A
46) In the endogenous growth model presented in the text, an increase in the fraction of time
accumulating human capital
A) increases the growth rate of human capital and increases the growth rate of output.
B) increases the growth rate of human capital and decreases the growth rate of output.
C) decreases the growth rate of human capital and increases the growth rate of output.
D) decreases the growth rate of human capital and decreases the growth rate of output.
E) decreases the growth rate of human capital and reduces total factor productivity.
Answer: A
47) The production function exhibits

A) increasing returns to scale in human capital.
B) decreasing returns to scale in human capital.
C) constant returns to scale in human capital.
D) increasing marginal product of physical capital.
E) decreasing marginal product of human capital.
Answer: C
10
Visit https://testbankbell.com
now to explore a rich
collection of testbank,
solution manual and enjoy
exciting offers!
48) The marginal product of human capital
A) rises as human capital rises.
B) falls as human capital falls.
C) does not fall as human capital falls.
D) does not fall as human capital rises.
E) is constant.
Answer: C
49) In the endogenous growth model, government policy can affect

A) the budgetary deficit.
B) the growth rate of aggregate output and consumption.
C) exports.
D) interest rates.
E) leisure.
Answer: B
50) Government policy can change the rate of economic growth by changing
A) the legal system.
B) the size of government.
C) free trade arrangements.
D) the fraction of time devoted to working.
E) labour supply.
Answer: D
51) Decreasing the fraction of time devoted to working leads to

A) higher incomes per worker.
B) higher consumption per worker.
C) increases in the fraction of time spent accumulating human capital.
D) lower labour supply.
E) a cleaner environment.
Answer: C
52) Govenment policies that increase the efficiency of the education sector
A) increase the growth rate of output and consumption, unambiguously increasing welfare.
B) increase the growth rate of output but have an ambiguous impact on consumption growth and
welfare.
C) increase the growth rate of consumption, has no effect on output.
D) increase welfare but have ambiguous effects on growth rates of consumption and output.
E) imply a trade-off between accumulating human capital and physical capital.
Answer: A
11
53) Which of the following is a way to obtain endogenous growth:
A) inflation
B) physical capital accumulation
C) population growth
D) human capital accumulation
E) reduce barriers to technology adoption
Answer: D
54) In the endogenous growth model, more time spent accumulating human capital implies
A) less consumption in the near term, but a higher growth rate of consumption in the future.
B) more consumption in the near term and a higher growth rate of consumption.
C) less consumption in the near term and no change in the growth rate of consumption.
D) more consumption in both the short and long-run.
E) more consumption in the near term, but a lower growth rate of consumption in the future.
Answer: A
55) Romer's model of endogenous growth is

A) consistent with evidence of convergence in the richer countries and consistent with evidence of
convergence in the poorer countries.
B) consistent with evidence of convergence in the richer countries and inconsistent with evidence of
C) inconsistent with evidence of convergence in the richer countries and consistent with evidence of
D) inconsistent with evidence of convergence in the richer countries and inconsistent with evidence of
E) only consistent with evidence of convergence in the richer countries.
Answer: C
56) The endogenous growth model appears consistent with the fact that there are
A) persistent differences in income per worker between the poorer countries and the richer countries.
B) persistent differences in consumption per worker between the poorer countries and the richer
countries.
C) persistent differences in government spending between the poorer countries and the richer countries.
D) persistent differences in infrastructure between the poorer countries and the richer countries.
E) persistent differences in education per worker between the poorer countries and the richer countries.
Answer: A
57) The idea that contact with others with high levels of human capital increases ones' own human
capital is called human capital
A) contagion.
B) externality.
C) transference.
D) convergence.
E) equilibrium.
Answer: B
12
58) Evidence suggests that income per worker and education are
A) negatively correlated.
B) positively correlated.
C) uncorrelated.
D) positively correlated in the richer countries and negatively correlated in the poorer countries.
E) negatively correlated in the richer countries and positively correlated in the poor countries.
Answer: B
59) There are greater opportunities for taking advantage of human capital externalities
A) in poorer countries.
B) in countries with high population growth rates.
C) in countries where there has been a convergence in incomes.
D) in countries where there is a convergence in technology adoption.
E) in highly developed regions.
Answer: E
60) Investment in education will be more productive if

A) the size of government increases.
B) if labour supply falls.
C) if it is combined with better research and development and patent policies.
D) if education is underprovided.
E) if educational attainment statistics warrant it.
Answer: C
61) A study by M. Bils and P. Klenow suggests that the importance of education in economic growth si
also tied to
A) property rights.
B) physical capital.
C) convergence.
D) population growth.
E) taxes.
Answer: A
62) What are the major factors affecting standards of living and economic development across nations?
Answer: There are many factors that influence the level of standard of living and economic
development - the stock of physical capital, the stock of human capital, the number of free trade
agreements a nation is engaged in, the number of political barriers to international trade and technology
adoption, the legal system which influences the extent to which greater competition is promoted among
firms, and the political and economic systems which have been adopted. All of these factors affect total
factor productivity and a nation's economic well being.
Type: ES Page Ref: P. 250-256
13
Exploring the Variety of Random
Documents with Different Content
THE FULL PROJECT GUTENBERG LICENSE
PLEASE READ THIS BEFORE YOU DISTRIBUTE OR USE THIS WORK
To protect the Project Gutenberg™ mission of promoting the free

distribution of electronic works, by using or distributing this work (or
any other work associated in any way with the phrase “Project
Gutenberg”), you agree to comply with all the terms of the Full
Project Gutenberg™ License available with this file or online at
www.gutenberg.org/license.
Section 1. General Terms of Use and

Redistributing Project Gutenberg™
electronic works
1.A. By reading or using any part of this Project Gutenberg™
electronic work, you indicate that you have read, understand, agree
to and accept all the terms of this license and intellectual property
(trademark/copyright) agreement. If you do not agree to abide by all
the terms of this agreement, you must cease using and return or
destroy all copies of Project Gutenberg™ electronic works in your
possession. If you paid a fee for obtaining a copy of or access to a
Project Gutenberg™ electronic work and you do not agree to be
bound by the terms of this agreement, you may obtain a refund
from the person or entity to whom you paid the fee as set forth in
paragraph 1.E.8.
1.B. “Project Gutenberg” is a registered trademark. It may only be

used on or associated in any way with an electronic work by people
who agree to be bound by the terms of this agreement. There are a
few things that you can do with most Project Gutenberg™ electronic
works even without complying with the full terms of this agreement.
See paragraph 1.C below. There are a lot of things you can do with
Project Gutenberg™ electronic works if you follow the terms of this
agreement and help preserve free future access to Project
Gutenberg™ electronic works. See paragraph 1.E below.
1.C. The Project Gutenberg Literary Archive Foundation (“the
Foundation” or PGLAF), owns a compilation copyright in the
collection of Project Gutenberg™ electronic works. Nearly all the
individual works in the collection are in the public domain in the
United States. If an individual work is unprotected by copyright law
in the United States and you are located in the United States, we do
not claim a right to prevent you from copying, distributing,
performing, displaying or creating derivative works based on the
work as long as all references to Project Gutenberg are removed. Of
course, we hope that you will support the Project Gutenberg™
mission of promoting free access to electronic works by freely
sharing Project Gutenberg™ works in compliance with the terms of
this agreement for keeping the Project Gutenberg™ name associated
with the work. You can easily comply with the terms of this
agreement by keeping this work in the same format with its attached
full Project Gutenberg™ License when you share it without charge
with others.
1.D. The copyright laws of the place where you are located also
govern what you can do with this work. Copyright laws in most
countries are in a constant state of change. If you are outside the
United States, check the laws of your country in addition to the
terms of this agreement before downloading, copying, displaying,
performing, distributing or creating derivative works based on this
work or any other Project Gutenberg™ work. The Foundation makes
no representations concerning the copyright status of any work in
any country other than the United States.
1.E. Unless you have removed all references to Project Gutenberg:
1.E.1. The following sentence, with active links to, or other

immediate access to, the full Project Gutenberg™ License must
appear prominently whenever any copy of a Project Gutenberg™
work (any work on which the phrase “Project Gutenberg” appears,
or with which the phrase “Project Gutenberg” is associated) is
accessed, displayed, performed, viewed, copied or distributed:
This eBook is for the use of anyone anywhere in the United
States and most other parts of the world at no cost and with
almost no restrictions whatsoever. You may copy it, give it away
or re-use it under the terms of the Project Gutenberg License
included with this eBook or online at www.gutenberg.org. If you
are not located in the United States, you will have to check the
laws of the country where you are located before using this
eBook.
1.E.2. If an individual Project Gutenberg™ electronic work is derived

from texts not protected by U.S. copyright law (does not contain a
notice indicating that it is posted with permission of the copyright
holder), the work can be copied and distributed to anyone in the
United States without paying any fees or charges. If you are
redistributing or providing access to a work with the phrase “Project
Gutenberg” associated with or appearing on the work, you must
comply either with the requirements of paragraphs 1.E.1 through
1.E.7 or obtain permission for the use of the work and the Project
Gutenberg™ trademark as set forth in paragraphs 1.E.8 or 1.E.9.
1.E.3. If an individual Project Gutenberg™ electronic work is posted

with the permission of the copyright holder, your use and distribution
must comply with both paragraphs 1.E.1 through 1.E.7 and any
additional terms imposed by the copyright holder. Additional terms
will be linked to the Project Gutenberg™ License for all works posted
with the permission of the copyright holder found at the beginning
of this work.
1.E.4. Do not unlink or detach or remove the full Project

Gutenberg™ License terms from this work, or any files containing a
part of this work or any other work associated with Project
Gutenberg™.
1.E.5. Do not copy, display, perform, distribute or redistribute this

electronic work, or any part of this electronic work, without
prominently displaying the sentence set forth in paragraph 1.E.1
with active links or immediate access to the full terms of the Project
Gutenberg™ License.
1.E.6. You may convert to and distribute this work in any binary,
compressed, marked up, nonproprietary or proprietary form,
including any word processing or hypertext form. However, if you
provide access to or distribute copies of a Project Gutenberg™ work
in a format other than “Plain Vanilla ASCII” or other format used in
the official version posted on the official Project Gutenberg™ website
(www.gutenberg.org), you must, at no additional cost, fee or
expense to the user, provide a copy, a means of exporting a copy, or
a means of obtaining a copy upon request, of the work in its original
“Plain Vanilla ASCII” or other form. Any alternate format must
include the full Project Gutenberg™ License as specified in
paragraph 1.E.1.
1.E.7. Do not charge a fee for access to, viewing, displaying,

performing, copying or distributing any Project Gutenberg™ works
unless you comply with paragraph 1.E.8 or 1.E.9.
1.E.8. You may charge a reasonable fee for copies of or providing

access to or distributing Project Gutenberg™ electronic works
provided that:
• You pay a royalty fee of 20% of the gross profits you derive
from the use of Project Gutenberg™ works calculated using the
method you already use to calculate your applicable taxes. The
fee is owed to the owner of the Project Gutenberg™ trademark,
but he has agreed to donate royalties under this paragraph to
the Project Gutenberg Literary Archive Foundation. Royalty
payments must be paid within 60 days following each date on
which you prepare (or are legally required to prepare) your
periodic tax returns. Royalty payments should be clearly marked
as such and sent to the Project Gutenberg Literary Archive
Foundation at the address specified in Section 4, “Information
about donations to the Project Gutenberg Literary Archive
Foundation.”
• You provide a full refund of any money paid by a user who

notifies you in writing (or by e-mail) within 30 days of receipt
that s/he does not agree to the terms of the full Project
Gutenberg™ License. You must require such a user to return or
destroy all copies of the works possessed in a physical medium
and discontinue all use of and all access to other copies of
Project Gutenberg™ works.
• You provide, in accordance with paragraph 1.F.3, a full refund of

any money paid for a work or a replacement copy, if a defect in
the electronic work is discovered and reported to you within 90
days of receipt of the work.
• You comply with all other terms of this agreement for free
distribution of Project Gutenberg™ works.
1.E.9. If you wish to charge a fee or distribute a Project Gutenberg™

electronic work or group of works on different terms than are set
forth in this agreement, you must obtain permission in writing from
the Project Gutenberg Literary Archive Foundation, the manager of
the Project Gutenberg™ trademark. Contact the Foundation as set
forth in Section 3 below.
1.F.
1.F.1. Project Gutenberg volunteers and employees expend

considerable effort to identify, do copyright research on, transcribe
and proofread works not protected by U.S. copyright law in creating
the Project Gutenberg™ collection. Despite these efforts, Project
Gutenberg™ electronic works, and the medium on which they may
be stored, may contain “Defects,” such as, but not limited to,
incomplete, inaccurate or corrupt data, transcription errors, a
copyright or other intellectual property infringement, a defective or
damaged disk or other medium, a computer virus, or computer
codes that damage or cannot be read by your equipment.
1.F.2. LIMITED WARRANTY, DISCLAIMER OF DAMAGES - Except for

the “Right of Replacement or Refund” described in paragraph 1.F.3,
the Project Gutenberg Literary Archive Foundation, the owner of the
Project Gutenberg™ trademark, and any other party distributing a
Project Gutenberg™ electronic work under this agreement, disclaim
all liability to you for damages, costs and expenses, including legal
fees. YOU AGREE THAT YOU HAVE NO REMEDIES FOR
NEGLIGENCE, STRICT LIABILITY, BREACH OF WARRANTY OR
BREACH OF CONTRACT EXCEPT THOSE PROVIDED IN PARAGRAPH
1.F.3. YOU AGREE THAT THE FOUNDATION, THE TRADEMARK
OWNER, AND ANY DISTRIBUTOR UNDER THIS AGREEMENT WILL
NOT BE LIABLE TO YOU FOR ACTUAL, DIRECT, INDIRECT,
CONSEQUENTIAL, PUNITIVE OR INCIDENTAL DAMAGES EVEN IF
YOU GIVE NOTICE OF THE POSSIBILITY OF SUCH DAMAGE.
1.F.3. LIMITED RIGHT OF REPLACEMENT OR REFUND - If you

discover a defect in this electronic work within 90 days of receiving
it, you can receive a refund of the money (if any) you paid for it by
sending a written explanation to the person you received the work
from. If you received the work on a physical medium, you must
return the medium with your written explanation. The person or
entity that provided you with the defective work may elect to provide
a replacement copy in lieu of a refund. If you received the work
electronically, the person or entity providing it to you may choose to
give you a second opportunity to receive the work electronically in
lieu of a refund. If the second copy is also defective, you may
demand a refund in writing without further opportunities to fix the
problem.
1.F.4. Except for the limited right of replacement or refund set forth
in paragraph 1.F.3, this work is provided to you ‘AS-IS’, WITH NO
OTHER WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED,
INCLUDING BUT NOT LIMITED TO WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR ANY PURPOSE.
1.F.5. Some states do not allow disclaimers of certain implied

warranties or the exclusion or limitation of certain types of damages.
If any disclaimer or limitation set forth in this agreement violates the
law of the state applicable to this agreement, the agreement shall be
interpreted to make the maximum disclaimer or limitation permitted
by the applicable state law. The invalidity or unenforceability of any
provision of this agreement shall not void the remaining provisions.
1.F.6. INDEMNITY - You agree to indemnify and hold the Foundation,

the trademark owner, any agent or employee of the Foundation,
anyone providing copies of Project Gutenberg™ electronic works in
accordance with this agreement, and any volunteers associated with
the production, promotion and distribution of Project Gutenberg™
electronic works, harmless from all liability, costs and expenses,
including legal fees, that arise directly or indirectly from any of the
following which you do or cause to occur: (a) distribution of this or
any Project Gutenberg™ work, (b) alteration, modification, or
additions or deletions to any Project Gutenberg™ work, and (c) any
Defect you cause.
Section 2. Information about the Mission

of Project Gutenberg™
Project Gutenberg™ is synonymous with the free distribution of
electronic works in formats readable by the widest variety of
computers including obsolete, old, middle-aged and new computers.
It exists because of the efforts of hundreds of volunteers and
donations from people in all walks of life.
Volunteers and financial support to provide volunteers with the

assistance they need are critical to reaching Project Gutenberg™’s
goals and ensuring that the Project Gutenberg™ collection will
remain freely available for generations to come. In 2001, the Project
Gutenberg Literary Archive Foundation was created to provide a
secure and permanent future for Project Gutenberg™ and future
generations. To learn more about the Project Gutenberg Literary
Archive Foundation and how your efforts and donations can help,
see Sections 3 and 4 and the Foundation information page at
www.gutenberg.org.
Section 3. Information about the Project

Gutenberg Literary Archive Foundation
The Project Gutenberg Literary Archive Foundation is a non-profit
501(c)(3) educational corporation organized under the laws of the
state of Mississippi and granted tax exempt status by the Internal
Revenue Service. The Foundation’s EIN or federal tax identification
number is 64-6221541. Contributions to the Project Gutenberg
Literary Archive Foundation are tax deductible to the full extent
permitted by U.S. federal laws and your state’s laws.
The Foundation’s business office is located at 809 North 1500 West,

Salt Lake City, UT 84116, (801) 596-1887. Email contact links and up
to date contact information can be found at the Foundation’s website
and official page at www.gutenberg.org/contact
Section 4. Information about Donations to

the Project Gutenberg Literary Archive
Foundation
Project Gutenberg™ depends upon and cannot survive without
widespread public support and donations to carry out its mission of
increasing the number of public domain and licensed works that can
be freely distributed in machine-readable form accessible by the
widest array of equipment including outdated equipment. Many
small donations ($1 to $5,000) are particularly important to
maintaining tax exempt status with the IRS.
The Foundation is committed to complying with the laws regulating

charities and charitable donations in all 50 states of the United
States. Compliance requirements are not uniform and it takes a
considerable effort, much paperwork and many fees to meet and
keep up with these requirements. We do not solicit donations in
locations where we have not received written confirmation of
compliance. To SEND DONATIONS or determine the status of
compliance for any particular state visit www.gutenberg.org/donate.
While we cannot and do not solicit contributions from states where

we have not met the solicitation requirements, we know of no
prohibition against accepting unsolicited donations from donors in
such states who approach us with offers to donate.
International donations are gratefully accepted, but we cannot make

any statements concerning tax treatment of donations received from
outside the United States. U.S. laws alone swamp our small staff.
Please check the Project Gutenberg web pages for current donation
methods and addresses. Donations are accepted in a number of
other ways including checks, online payments and credit card
donations. To donate, please visit: www.gutenberg.org/donate.
Section 5. General Information About

Project Gutenberg™ electronic works
Professor Michael S. Hart was the originator of the Project
Gutenberg™ concept of a library of electronic works that could be
freely shared with anyone. For forty years, he produced and
distributed Project Gutenberg™ eBooks with only a loose network of
volunteer support.
Project Gutenberg™ eBooks are often created from several printed
editions, all of which are confirmed as not protected by copyright in
the U.S. unless a copyright notice is included. Thus, we do not
necessarily keep eBooks in compliance with any particular paper
edition.
Most people start at our website which has the main PG search
facility: www.gutenberg.org.
This website includes information about Project Gutenberg™,

including how to make donations to the Project Gutenberg Literary
Archive Foundation, how to help produce our new eBooks, and how
to subscribe to our email newsletter to hear about new eBooks.

All Chapter Download Macroeconomics Canadian 4th Edition Williamson Test Bank

Uploaded by

Copyright:

Available Formats

All Chapter Download Macroeconomics Canadian 4th Edition Williamson Test Bank

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

All Chapter Download Macroeconomics Canadian 4th Edition Williamson Test Bank

Uploaded by

Copyright:

Available Formats

Download the full version of the testbank or

solution manual at testbankbell.com

Macroeconomics Canadian 4th Edition

Explore and download more testbank or solution manual

Macroeconomics Canadian 4th Edition Williamson Solutions

Macroeconomics Fourth Canadian Edition Canadian 4th

Macroeconomics Canadian 5th Edition Williamson Test Bank

Priorities in Critical Care Nursing 7th edition Urden Test

Contemporary Advertising and Integrated Marketing

Quantitative Analysis For Management 11th Edition Render

Managerial Accounting 3rd Edition Braun Solutions Manual

Content Area Reading Literacy and Learning Across the

1) Income per worker has been

2) What explains the differences in standards of living across countries?

5) What causes barriers to technology adoption?

8) In contrast to the Solow growth model, the endogenous growth model

10) The Solow growth model predicts that aggregate output

12) Countries do not have access to the same technology when

13) If monopoly power is not protected by government,

14) Barriers to the adoption of new technology causes

16) Government ownership of production

17) Barriers to Riches, by S. Parente and E. Prescott, emphasizes the importance of

19) The importance of barriers to the adoption of technologies is supported by research by

26) Total factor productivity growth involves

27) The endogenous growth models were characterized by

28) Human capital is

32) Nonrivalry means

36) Which of the following is best characterized as being nonrivalrous?

44) In the endogenous growth model presented in the text,

47) The production function exhibits

49) In the endogenous growth model, government policy can affect

51) Decreasing the fraction of time devoted to working leads to

55) Romer's model of endogenous growth is

60) Investment in education will be more productive if

To protect the Project Gutenberg™ mission of promoting the free

Section 1. General Terms of Use and

1.B. “Project Gutenberg” is a registered trademark. It may only be

1.E. Unless you have removed all references to Project Gutenberg:

1.E.1. The following sentence, with active links to, or other

1.E.2. If an individual Project Gutenberg™ electronic work is derived

1.E.3. If an individual Project Gutenberg™ electronic work is posted

1.E.4. Do not unlink or detach or remove the full Project

1.E.5. Do not copy, display, perform, distribute or redistribute this

1.E.7. Do not charge a fee for access to, viewing, displaying,

1.E.8. You may charge a reasonable fee for copies of or providing

• You provide a full refund of any money paid by a user who

• You provide, in accordance with paragraph 1.F.3, a full refund of

1.E.9. If you wish to charge a fee or distribute a Project Gutenberg™

1.F.1. Project Gutenberg volunteers and employees expend

1.F.2. LIMITED WARRANTY, DISCLAIMER OF DAMAGES - Except for

1.F.3. LIMITED RIGHT OF REPLACEMENT OR REFUND - If you

1.F.5. Some states do not allow disclaimers of certain implied

1.F.6. INDEMNITY - You agree to indemnify and hold the Foundation,

Section 2. Information about the Mission

Volunteers and financial support to provide volunteers with the

Section 3. Information about the Project

The Foundation’s business office is located at 809 North 1500 West,

Section 4. Information about Donations to

The Foundation is committed to complying with the laws regulating