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Economic Growth Quiz 48 (25 MCQs)

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1. Governments need to always keep _____ moving in order to ensure economic growth
2. Is changing the way something was previously done so that it works better a sign of entrepreneurship?
3. A benefit of economic growth is that firms will earn greater profits which they can reinvest in improve technology and hiring more employees
4. One of the main causes of economic growth is changes in _____ ?
5. How does technological innovation impact economic growth?
6. Why did people leave their farms to move to cities?
7. What is one benefit of economic growth?
8. What a country invests in education for its citizens, what is it increasing?
9. When you spend money at the store, you're contributing to your town's _____
10. Building a machine that helps put automobiles together faster
11. What are some factors contributing to Bangladesh's wealth?
12. Friend of Sam Houston and was killed at the Battle of Neches.
13. This type of marxist socialism doesn't seek a violent uprising of the working class, but rather tries achieve change gradually through an existing democratic system.
14. We gain formal education from the family.
15. Which of these factors does not promote economic growth?
16. What is the main reason for the high population growth in Mumbai?
17. Level 3A. Social and Cultural Environment:Demographics and cultural dimensions that govern the relevant entrepreneurial behaviorB. Political and Legal Environment:It governs business practices as well as the permits, approvals, and licenses necessary to operate the business
18. Will we likely ever see prices stay the same if we promote true economic growth?
19. Innovation, improving capital stock, raising agricultural output by using genetically modified crops, increasing spending on education and training to improve human capital, and increasing the population size to increase the workforce can all shift long run aggregate supply to the right
20. Investments in social infrastructure (schools, hospitals, etc.)
21. If AD shifts to the left, what happens to real wages (wages adjusted for inflation) in the short run?
22. A negative output gap is also known as a recessionary gap
23. What is the literacy rate of Iran?
24. How might a government stimulate economic growth if the quality of human capital is poor?
25. What does an increase in real GDP over time indicate?
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