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Economic Growth Quiz 54 (25 MCQs)

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1. Turner's thesis on the American _____ said that this is where the American character comes from.
2. A financial record of a country's transactions (goods and services) with the rest of the world is called:
3. What is the economic sector most affected by the pandemic?
4. When the amount of capital per worker increases, labor productivity also increases.
5. What is a potential outcome of economic growth that is too high?
6. Explain the concept of sustainable economic development.
7. Gave government owned land to small farmers-had to stay on the land for 5 years.
8. Enes lives in Turkey. He travels to China for business. When he arrives, he visits a small restaurant. What will Enes need to do before he is able to purchase a meal?
9. Economic growth measures the
10. Why did the African's population increase during the colonial period?
11. Which of the following factors is most lkely to increase Economic Growth?
12. Advancement in communication during the Industrial Age.
13. What are some of the challenges that countries face in achieving sustainable economic growth?
14. What are the benefits of investing in human capital?
15. The United Kingdom has few natural resources. However, they do very well in manufacturing, banking, and technology services. They focus on these parts of their economy and trade for natural resources. What economic term describes what the United Kingdom is doing?
16. Financial difficulties, unrest in the army, native conflicts, trouble with Mexico were all problems faced by the Republic of Texas. Which scenario identifies with these struggles?
17. Iron, precious metals, and fuel, such as oil and coal, are the top three categories of EXPORTS from Russia. What conclusion about the Russian economy can be drawn based on this information?
18. Which of the following countries has a high standard of living due to oil reserves?
19. What is the difference between actual growth rates and long-term trends in growth rates?
20. At which stage of the economic cycle would you expect living standards to be at their highest?
21. Capital goods are _____
22. Which country is described as having substantial regional differences in terms of wealth and age structure?
23. What animal did many Native American tribes of the Great Plains depend upon for their survival?
24. What is a recommended policy for achieving inclusive growth?
25. What is the key sign of recovery in the economy?
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