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Economic Growth Quiz 42 (25 MCQs)

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1. What social trend caused the demand for beef to rise immediately following the Civil War?
2. Measure of the proportion of adult population (15 years and up) which can read and write a simple statement
3. During the 1800s the U.S. experienced a dramatic increase in the production of manufactured goods because of
4. Why is political stability important for economic growth?
5. The total value of all final goods and service produced by a country's citizens
6. How did slavery impact the economy of South Carolina?
7. Can a human be considered physical capital?
8. The primary sector begins to shrink and the secondary sectors begins to grow.
9. Name one factor that can hinder economic growth.
10. Governments often encourage increased competition to lower price
11. Investing in human capital will raise a countries _____
12. An increase in which of the following would cause a decrease in aggregate demand?
13. What is the focus of export-led growth strategy?
14. Which country specializes in natural gas?
15. The level of material comfort at which people in a country live _____ including access to quality shelter, food, water, and other essential goods and services.
16. What is the purpose of investing in capital goods?
17. Which one of the following is most likely to result in a demand-side shock to the UK economy? A large rise in
18. Concerning the five-sector circular flow model of the Australian economy, which statement about the value of aggregate demand and GDP is true? The values of aggregate demand or GDP equal:
19. If the consumer price index (CPI) for year 2013 is equal to 180 and for year 2014 is equal to 198, calculate the inflation rate level in year 2014.
20. If a natural disaster strikes, the production possibilities curve can shift
21. What was a key factor in the economic growth and prosperity of the 1920s?
22. What is the main barrier to export diversification strategy?
23. I RailroadsII Silver miningIII Cotton farmingIV Cattle ranchingV Computer technologyVI Oil drillingVII ManufacturingVIII Education Which industries listed above improved the economy of TX after the Civil War?
24. Forcing native children to attend boarding schools were an attempt to stamp out their _____
25. Which Best describes income?
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