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Economic Growth Quiz 55 (25 MCQs)

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1. What is the main advantage of Mumbai's location on the west coast of India?
2. What might refuse to open up to other markets and limit trade and economic growth?
3. What is the significance of natural resources in the economy?
4. Bianca is in form two. She attends classes daily and works hard to get good grades in all her subjects. This situation falls under _____ education.
5. _____ have training in a particular are and can work independently.
6. When did United Nations published the first Human Development Report?
7. Short run economic growth can be created by increasing aggregate demand
8. The _____ Act made monopolies illegal in the U.S., which is why there aren't any today.
9. How do natural resources contribute to the economy?
10. _____ does not consider the depletion of natural resources which might lead to pollution, congestion & disease.
11. Which factor of economic growth is all of the goods that are produced in the country and then used to make other goods & services?
12. The Difference between Economic Growth and Economic development are _____
13. What are some examples of government policies that can promote economic growth?
14. Israel's literacy rate is 99%. What does this mean?
15. One supply-side mechanism that the government can use to stimulate economic growth is:
16. The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development. Option that is not in the mentioned dimensions is _____
17. Money exchanged between businesses and individuals for labour:
18. What is the impact of climate change on Bangladesh's economy?
19. Consecutive means
20. In an effort to avoid recession, the government implements a tax rebate program, effectively cutting taxes for households. We would expect this to:
21. Improving the economic situation $\rightarrow$ better lives for people
22. The business cycle _____
23. Why may GDP not be a good measure to compare the living standard of two countries?
24. A lack of investment in human capital has led to high poverty (70%) & unemployment in which country?
25. What can a government do to increase demand in its economy?
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