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Economic Growth Quiz 60 (25 MCQs)

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1. Potential economic growth is a situation where an economy's productive capacity improved.
2. A financial record of the export and import of physical goods is called:
3. What is the basis of Nigeria's economy?
4. When the government takes control of businesses and industries that were formerly privately owned.
5. What contributed to quick wealth creation in the 1920s?
6. _____ was a muckraker that exposed civil rights violations.
7. An inflationary gap occurs when:
8. According to world system theory, which countries dominate and take advantage of peripheral countries for labor and raw materials?
9. What is one way firms try to appropriate the value of innovation?
10. What is the main goal of foreign direct investment (FDI) flows in developing countries?
11. Measured in the millions, billions and trillions. Determines economic growth.
12. Hundreds of Lakota men, women, and children were killed by _____ at _____
13. Development means increasing standards and quality of life
14. _____ was a leader in the banking and steel industries.
15. Which is the best definition of a "boom and bust cycle" ?
16. Why don't government planners try to end seasonal unemployment?
17. Which of the following is an example of human capital?
18. An appropriate fiscal policy to combat a recession would be to increase which of the following?
19. Economic growth should always be the top priority of the country, therefore converting ancestral land to productive land is correct always.
20. Doing or making a lot.
21. _____ resources come from nature.
22. This type of government has many laws that support the needs and well being of its citizens e.g free health care, subsidized housing & childcare, and unemployment compensation
23. What is the main condition necessary for the success of import substitution industrialization (ISI)?
24. Central Asia has an abundance of mineral resources such as gold.
25. D. an increase in the government deficit following a decrease in personal income taxes.
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