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Economic Growth Quiz 45 (25 MCQs)

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1. People who provide the money to start and operate a business are called what?
2. At the end of the 1990s and start of the 2000s, Ireland experience a BOOM-what is this boom referred to as?
3. Economic Growth can reduce tax revenues for the government
4. What is the ratio of people without a job in the world?
5. What is meant by economic growth?
6. _____ are the man-made materials that are needed to produce goods and services
7. What is the World Bank's view on inclusive growth?
8. What is the total value of all the goods andservices produced in that country in oneyear?
9. _____ was a muckraker that exposed the horrors of the meat packing industry.
10. What is one factor that influences the speed of progression in Rostow's stages of economic growth model?
11. Which of the following is NOT a natural resource that can influence economic growth?
12. Which region of Europe has countries with a lower standard of living?
13. A nation with a high GDP typically does not invest in human capital, while a nation with a low GDP does invest in human capital.
14. What is an important factor that can affect economic growth?
15. What makes entrepreneurship difficult in Kenya & Nigeria?
16. Cattle ranching is important for Brazil's economy. However, large herds of cattle need lots of space to graze. Which of the following industries would MOST LIKELY suffer if cattle ranching expanded in Brazil?
17. A country's Literacy rate impacts Human Capital. At what age does your personal literacy rate start to get counted into the country's literacy rate?
18. What is an output gap?
19. What might cause a decline in economic output?
20. What is a boomtown?
21. What are the effects of Human Development Index?
22. A knitting factory worker who loses her job when the factory is sold and converted to a high-tech computer lab is an example of
23. What are the two phases in a business cycle?
24. Man-made materials-factories, machines, technology, door, desk, trophies, scoreboard, trashcan, bleachers
25. If a country votes to raise tariffs on steel, what is most likely their goal?
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