This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Economic Growth > Economic Growth – Quiz 62 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Growth Quiz 62 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Economic growth involves A) Structural changes. B) Increases in per capita income. C) Increases in per capita production. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. When economic growth is taking place, more and more oil and other valuable minerals are being used up. this worries some people because these resources are ..... A) Net investment. B) Leisure. C) Non replaceable. D) Mobility. E) Per head. Show Answer Correct Answer: C) Non replaceable. 3. The continual increase in average prices A) Per capita. B) Inflation. C) Import. D) None of above. Show Answer Correct Answer: B) Inflation. 4. Which of the following policies is a supply-side policy and can be used for economic growth A) Increased government spending. B) Increased education and training for workers. C) Increased money supply. D) Decreased rates of interest. Show Answer Correct Answer: B) Increased education and training for workers. 5. Entrepreneurship encourages people to take risks, and in doing so, they've created better healthcare, education, & welfare programs. A) I agree. B) I disagree. Show Answer Correct Answer: A) I agree. 6. In the long run, the aggregate supply curve at full employment is: A) Horizontal. B) Perfectly Elastic. C) Perfectly Inelastic. D) Downward sloping. Show Answer Correct Answer: C) Perfectly Inelastic. 7. Public finance concentrates on how: A) Resources are dislocated. B) Income is distributed. C) To destabilize the economy. D) To raise income evenly. Show Answer Correct Answer: B) Income is distributed. 8. Which of the following can be an external pressure resulting from not achieving strong and sustainable economic growth? A) Reduced government spending. B) Increased investment in renewable energy. C) Reduction in international competitiveness. D) Lower demand for consumer goods. Show Answer Correct Answer: C) Reduction in international competitiveness. 9. What are resources that occur naturally in the environment and are used to produce goods and services called? A) Capital resources. B) Human resources. C) Natural resources. D) Entrepreneurship. Show Answer Correct Answer: C) Natural resources. 10. What is the purpose of national income statistics for a government? A) To evaluate economic performance. B) To forecast expected growth. C) To compare the performance of an economy with others. D) To measure living standards. Show Answer Correct Answer: A) To evaluate economic performance. 11. What did Warren Harding's economic policy aim to return to? A) Pro-business, laissez-faire policies. B) Socialist economic system. C) Communist economic system. D) Mixed economy. Show Answer Correct Answer: A) Pro-business, laissez-faire policies. 12. How did supporters of segregation limit the rights of African Americans? A) Created Jim Crow laws and black codes. B) Passed the 14th Amendment. C) Developed he Freedmen's Bureau. D) Gave suffrage to African-American men. Show Answer Correct Answer: A) Created Jim Crow laws and black codes. 13. Materials and labor used to create goods and services. A) Human capital. B) Entrepreneurship. C) Production. D) Productive resources. Show Answer Correct Answer: D) Productive resources. 14. Outdoor recreation A) Outdoor recreation. B) Farming policy. C) Economic growth. D) Climate emergencies. Show Answer Correct Answer: A) Outdoor recreation. 15. The countries that are located in southeastern Europe along the Balkan Peninsula A) Literacy. B) Literacy rate. C) Standard of living. D) Balkans. Show Answer Correct Answer: D) Balkans. 16. Which of the following factors can contribute to environmental degradation as a result of unsustainable economic growth? A) A focus on renewable energy sources. B) Overexploitation of natural resources. C) High investment in public transportation systems. D) Strict environmental regulations. Show Answer Correct Answer: B) Overexploitation of natural resources. 17. Refugees are people that are forced to leave their country in order to escape wars, persecution, or natural disaster? A) True. B) False. Show Answer Correct Answer: A) True. 18. Human resources are people and their various skills, talents and abilities. A) True. B) False. Show Answer Correct Answer: A) True. 19. Tungsten can carry electricity A) True. B) False. Show Answer Correct Answer: A) True. 20. A country investing in education. A) Human capital. B) Capital goods. Show Answer Correct Answer: A) Human capital. ← PreviousNext →Related QuizzesMacroeconomics QuizzesEconomics QuizzesEconomic Growth Quiz 1Economic Growth Quiz 2Economic Growth Quiz 3Economic Growth Quiz 4Economic Growth Quiz 5Economic Growth Quiz 6Economic Growth Quiz 7Economic Growth Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books