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Economic Growth Quiz 34 (25 MCQs)

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1. What is one of the policy tools for promoting inclusive economic growth?
2. When the herd begins to run and can't be controlled, it is called a
3. Which term refers to the tools, machines, and factories used in the production of goods and services?
4. What did the term 'protective tariffs' refer to in the economic context?
5. If economic growth increases, living standards may still fall if:
6. What best refers to putting advances in knowledge to use in a new product or service?
7. Non-material living standards refer to:
8. A country's economy has natural ups and downs in its business cycle.
9. Which policy is most likely to promote inclusive economic growth?
10. Health care made available to all citizens of a country through government regulations of the medical industry and subsidies.
11. The alternative combinations of final goods and services that could be produced in a given time period with all available resources and technology are known as
12. Carries out local or regional trading only.
13. If nominal GDP is $300 and real GDP is $150, what is the GDP price index (deflator)?
14. Able to read and write in one's native language.
15. What is the purpose of property rights?
16. Which of the following is NOT an effect railroads had on Texas.
17. The way in which goods and services are made, sold, and used in a country
18. When the military temporarily takes control of the country; usually due to a crisis or emergency
19. What is the main factor that influences the literacy rate in a country?
20. Chalk and gypsum deposits found in the United Kingdom are sources of what type of resource?
21. Haiti invests in the expansion of its ports.
22. A sustained general increase in prices across an economy.
23. A benefit of economic growth is that there will be a rise in the standards of living
24. Country X has a high gross domestic product. Country Y has a much lower gross domestic product than Country X. Which of the following statements is MOST LIKELY correct?
25. What does "decent work" mean?
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