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Economic Growth Quiz 36 (25 MCQs)

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1. What will be most likely to decrease a country's national output in the short run but to increase its potential for long-run growth?
2. Some examples of _____ include factories, machinery, technology, buildings, tools, etc.
3. A high literacy rate helps make standard of living _____
4. At which stage of the economic cycle would you most likely expect to see an increase in the number of firms shutting down?
5. One potential negative consequence of rapid economic growth is _____ ?
6. Why were most people opposed to trusts and monopolies?
7. Congress reduces the requirements needed to begin receiving unemployment benefits. Will economic growth occur? Which growth factor contributed is the cause? (If none, only select one answer)
8. How two or more things are connected
9. What was Warren Harding's economic policy known as?
10. Phases of the economic cycle:boom, peak, recession trough and recovery
11. GDP stands for_____
12. What was one of the main goals of Warren Harding's economic policy?
13. Discuss the impact of globalization on industrial and economic growth.
14. The Philippine Development Plan aims towards the goals of improving Filipino lives by improving all of these dimensions EXCEPT:
15. How can we fix the problem?
16. A high GDP per capita necessarily indicates _____ ?
17. To increase literacy rate, a country MUST invest in
18. About 1/2 half of the world's diamonds are found here:
19. Which country is likely to become aged by 2028 with an average income a third lower than Thailand's?
20. Jack buys a tractor for his farm
21. What are the two characteristics of Entrepreneurship?
22. Which region of Europe has countries with higher GDP per capita?
23. Full employment means everyone is employed and there is zero unemployment.
24. What best refers to the area of a country, usually with access to a port where, among other benefits, the government does not tax trade?
25. Which of the following is NOT a positive impact on society of economic growth?
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