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NEW QUESTION: 1
Mark Taber, CFA, is the Chief Investment Officer of the Taber Emerging Markets Fund, (TEMF). Taber uses a top-down approach to investing in countries. By interviewing government officials and the managements of foreign companies, Taber often gains economic and investment insights not yet fully understood by the foreign market. Taber is currently researching a potential investment in the emerging market country of Alphia. Taber travels to Ullom, the capital of Alphia, to discuss past, present, and future economic growth theory development with Dr. Raman Satish, managing director of the Alphia Economic Development Agency (AEDA).
Dr. Satish starts the conversation with Taber by discussing the three great growth cycles that the Alphian economy has experienced over the past 120 years: (1) the classical growth era, (2) the neoclassical growth era, and (3) the new growth era. Taber takes down the following statements from the meeting with Dr. Satish's meeting.
1. The Classical Growth Era of Alphia (1850-1950)
This hundred-year era was noted for periodic high levels of population growth and the sporadic introductions of technology. The average Alphianian's income was very modest and the standard of living remained almost the same over the 100-ycar period, except when new technology was introduced. Dr.
Satish cites the example of the one-time introduction of electricity to the Alphian economy from 1947 to
1950. E

2. The Neoclassical Growth Era o/Alphia (1951-1990)
During the neoclassical growth period, Alphia experienced a period of great economic growth. For example, from 1986 to 1990, Alphia's capital per hour of labor grew at a 9% annual rate, while real GDP grew at 7% per annum.
Also, Alphia was able to achieve economic growth rates and income levels comparable with many of its neighboring countries during the neoclassical growth period. Alphian scientists, together with the engineering department of the University of Ullom, provided access to the finest technology in the world. In addition, Alphia opened up its equity markets to outside investors and allowed its currency to float. Dr.
Satish believes that, given time, these capital market improvements should allow the Alphian economy to achieve an economic growth rate and per capita income level comparable to any country in the world.
To understand the role of technology in the growth of the Alphian economy (using neoclassical growth theory assumptions), the following table was developed to show the increased productivity of Alphian farmers using disease resistant grains. Assume new disease resistant grain technology was introduced into the Alphian farm economy at Point A.

3. The New Growth Era (1991-Today)
Since the Alphian energy crises of the late 1980s, the economy has been in transition. The AEDA goal is to have more than 50% of Alphian GDP coming from what we now call knowledge capital based industries by the year 2020. Given the large and growing population and their constant need for health care, the pharmaceutical industry was Alphia's first knowledge capital based industry. Dr. Satish believes that a focus on knowledge capital will enhance the long term growth prospects of Alphia's economy.
According to the classical growth theory, Alphia would:
A. have been able to increase the long-term subsistence level of wages only by increasing the rate of saving and investment.
B. not have been able to increase the long-term subsistence level of wages because population growth would offset any increase in productivity or investment.
C. have been able to increase the long-term subsistence level of wages only by increasing the productivity of labor.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Neither condition would allow Alphia to increase the long-term subsistence level of wages. Under the classical theory of economic growth, an economy would have a temporary improvement in the labor living standards as the real wage rate climbed above the subsistence wage rate, but over time population growth would lower capital per hour of labor and drive real GDP per hour of labor back towards the subsistence wage level. Even a greater level of savings and investment creating more capital, under classical growth theory, does not prevent this slide back towards the subsistence level of wages. Anything that increases real GDP per hour of labor above subsistence level causes population growth that overwhelms the gains from increased productivity due to a greater level of capital. (Study Session 4, LOS 14.d)

NEW QUESTION: 2
During a meeting with your customer's IT security team, you are asked the names of the main OS users and groups for the Big Data Appliance.
Which users are created automatically during the installation of the Oracle Big Data Appliance?
A. bda, cdh5, and oracle
B. mapred, bda, and engsys
C. hbase, cdh5, and oracle
D. flume, hbase, and hdfs
Answer: D

NEW QUESTION: 3
HOTSPOT
In the screenshot,click the icon of the preference pane where you configure a Mac to bind to an Active Directory server.

Answer:
Explanation:

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