Final exam economics Assignment Example | Topics and Well Written Essays - 750 words

lowest exam economics - Assignment Example--True37. The Swedish model of providing maximum income security was a study factor in causing Swedens GDP per capita to increase relational to that of other European countries and the U.S. aft(prenominal) the 1960s and 1970s. --True48. Today, the U.S., with 5 share of world population, produces 22 percent of world GDP while east Europe and the former Soviet Union, with 7 percent or world population, produce 6 percent of world GDP. --True66. Among the factors leading to the decline of the planned socialist economies are lack of technological progress, diminishing returns to capital, inefficiency, problems with incentives, and the complexity of planning. --True70. Economists believe that differences in initial conditions, policy measures, and environmental factors are important determinants of differences in economic surgery among passing economies. --True99. Although private-sector employment as a percentage of total employment varied widely among transition economies in the early stages of transition, in later stages there has been very little variation in relative private-sector employment.