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Economic Growth Quiz 65 (25 MCQs)

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1. What is the main factor that influences economic growth?
2. Which major Texas city had the largest population increase due to the Railroad Boom?
3. What industry was huge in Texas following the Civil War?
4. What were the two specific measures taken under Warren Harding's economic policy?
5. Jeffrey signs his employees up to learn how to run a new machine.
6. When a government has the acceptance and support of its citizens
7. How might an increase in investment in capital goods affect the economies of Kenya and Nigeria?
8. What is the main drawback to growth and development in developing countries?
9. _____ does not consider the size of the informal economy. The informal economy is also known as the black economy which is unrecorded economic activity.
10. Which is an example of a capital good?
11. If there is improved technique of Production in both of the goods on a PPC, how will the PPC will be affected?
12. Why would a business invest money in capital goods?
13. Unemployment is most likely to occur during an economic expansion
14. Why did Gullah evolve?
15. Name one type of capital good.
16. True or False:Globalization can lead to both positive and negative effects on economic growth.
17. India's government has invested heavily in factories, modern machinery, and technology. This investment in is called _____
18. Of the countries below, check all those whose economies are expected to grow in 2020?
19. How can we increase a countries GDP per capita?
20. Which diagram best fits the following change:firms hire more workers
21. Sugar processing is one of Cuba's most important industries. However, production is often slowed by old, inefficient technology. Based on this information, what would would be the BEST way to improve the efficiency of Cuba's sugar industry?
22. Actual economic growth is caused by an increase in quality and quantity of resources.
23. How does entrepreneurship impact economic growth?
24. This man hired a team of experts to create practical inventions.
25. LRAS curve shift to right to show potential economic growth
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