This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Economic Growth > Economic Growth – Quiz 69 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Growth Quiz 69 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a recommended policy for achieving inclusive growth? A) Enhancing environmental sustainability. B) Limiting access to finance for the poor. C) Promoting geographical immobility of labor. D) Exploiting child labor. Show Answer Correct Answer: A) Enhancing environmental sustainability. 2. What is the key sign of recovery in the economy? A) Decrease in consumer confidence. B) Increase in investment. C) Fall in house prices. D) Lower interest rates. Show Answer Correct Answer: B) Increase in investment. 3. What is the main advantage of Mumbai's location on the west coast of India? A) Access to Middle East and European markets. B) Access to African markets. C) Access to Asian markets. D) Access to North American markets. Show Answer Correct Answer: A) Access to Middle East and European markets. 4. What might refuse to open up to other markets and limit trade and economic growth? A) Politics. B) Natural resources. C) Overpopulation. D) Culture. Show Answer Correct Answer: D) Culture. 5. What is the significance of natural resources in the economy? A) Natural resources are essential for economic growth and development. B) Natural resources are only important for certain industries. C) Natural resources hinder economic growth and development. D) Natural resources have no impact on the economy. Show Answer Correct Answer: A) Natural resources are essential for economic growth and development. 6. Bianca is in form two. She attends classes daily and works hard to get good grades in all her subjects. This situation falls under ..... education. A) Formal. B) Informal. C) Special. D) None of above. Show Answer Correct Answer: A) Formal. 7. ..... have training in a particular are and can work independently. A) Unskilled. B) Semi-skilled. C) Skilled. D) Highly skilled. Show Answer Correct Answer: C) Skilled. 8. When did United Nations published the first Human Development Report? A) 1990. B) 1999. C) 1929. D) 2021. Show Answer Correct Answer: A) 1990. 9. Short run economic growth can be created by increasing aggregate demand A) Yes, I understand this from the notes. B) No, I don't understand this from the notes. C) No, I don't understand this, as I have not read the notes. D) None of above. Show Answer Correct Answer: A) Yes, I understand this from the notes. 10. The ..... Act made monopolies illegal in the U.S., which is why there aren't any today. A) Labor Union. B) Meat Inspection. C) Sherman Anti-Trust. D) None of above. Show Answer Correct Answer: C) Sherman Anti-Trust. 11. How do natural resources contribute to the economy? A) Natural resources have no impact on the economy. B) Natural resources are a burden on the economy. C) Natural resources only benefit foreign countries. D) Natural resources contribute to the economy by providing raw materials for industries, creating job opportunities, generating revenue through exports, and attracting foreign investment. Show Answer Correct Answer: D) Natural resources contribute to the economy by providing raw materials for industries, creating job opportunities, generating revenue through exports, and attracting foreign investment. 12. ..... does not consider the depletion of natural resources which might lead to pollution, congestion & disease. A) Economic Growth. B) Economic Development. Show Answer Correct Answer: A) Economic Growth. 13. Which factor of economic growth is all of the goods that are produced in the country and then used to make other goods & services? A) Natural Resources. B) Human Capital. C) Capital Goods. D) Entrepreneurship. Show Answer Correct Answer: C) Capital Goods. 14. The Difference between Economic Growth and Economic development are ..... A) Economic development is single dimension for example economic activities, & economic growth is multiple dimension (social, environment & politic). B) Economic development is single dimension & economic growth is qualitative change (all sectors). C) Economic growth is possible without development & economic development is gradual & steady change. D) Development relate to growth of human capital indexes & economic growth focus on product. Show Answer Correct Answer: C) Economic growth is possible without development & economic development is gradual & steady change. 15. What are some examples of government policies that can promote economic growth? A) Increased taxes, decreased government spending, raising interest rates, protectionist trade policies, divestment in infrastructure, cutting education and skills development programs, increased regulation. B) Increased taxes, decreased government spending, raising interest rates, protectionist trade policies, divestment in infrastructure, cutting education and skills development programs, increased regulation. C) Tax cuts, increased government spending, lowering interest rates, trade policies, investment in infrastructure, education and skills development programs, deregulation. D) Increased taxes, decreased government spending, raising interest rates, protectionist trade policies, divestment in infrastructure, cutting education and skills development programs, increased regulation. Show Answer Correct Answer: C) Tax cuts, increased government spending, lowering interest rates, trade policies, investment in infrastructure, education and skills development programs, deregulation. 16. Israel's literacy rate is 99%. What does this mean? A) 99% of Israeli adults are entrepreneurs. B) 99% of Israeli adults have a low standard of living. C) 99% of Israeli adults are unemployed. D) 99% of Israeli adults can read and write. Show Answer Correct Answer: D) 99% of Israeli adults can read and write. 17. One supply-side mechanism that the government can use to stimulate economic growth is: A) Increasing tariffs. B) Decreasing tariffs. C) Increasing aggregate demand. D) Decreasing aggregate deman. Show Answer Correct Answer: B) Decreasing tariffs. 18. The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development. Option that is not in the mentioned dimensions is ..... A) A long and healthy life. B) Decent standard of living. C) Being knowledgeable. D) Community Generosity. Show Answer Correct Answer: D) Community Generosity. 19. Money exchanged between businesses and individuals for labour: A) Wages. B) Revenue. C) Spending. D) Profit. Show Answer Correct Answer: A) Wages. 20. What is the impact of climate change on Bangladesh's economy? A) Improved agricultural productivity. B) No impact on the economy. C) The impact of climate change on Bangladesh's economy includes increased frequency of natural disasters, loss of agricultural productivity, and displacement of people due to rising sea levels. D) Decreased frequency of natural disasters. Show Answer Correct Answer: C) The impact of climate change on Bangladesh's economy includes increased frequency of natural disasters, loss of agricultural productivity, and displacement of people due to rising sea levels. ← 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