Global MCQ Practice

🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Economic Growth Quiz 71 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. The Rybczynski theorem claims that doubling L at constant relative product prices:
2. Monetary policy to combat deflation might include:
3. Which of the following shifts a PPC outward?
4. Which of the following is a benefit of being an investor?
5. Estimated total value of goods and services produced in nation in a years time:
6. If there has been an increased in economic growth there has been
7. What led boomtowns to turn into ghosttowns?
8. The most accurate method of measuring _____ is the Human Development Index (HDI) which considers the literacy rates & life expectancy which affects productivity and could lead to Economic Growth.
9. What does Real GDP growth rate take out?
10. If the Organization of the Petroleum Exporting Countries reduced its oil production target, the MOST LIKELY result would be that
11. _____ is a narrower concept than economic development.
12. Desires to create an egalitarian (belief that people are equal and deserve equal rights and opportunities) society.
13. Someone who has an idea and takes a risk to produce their ideas is a _____
14. What type of jobs are created in Mumbai's growing financial and IT sectors?
15. According to paragraph 3, what was one reason villages had such great economic potential?
16. If a citizen of Russia wishes to travel to the United Kingdom for vacation, they should first visit which of these institutions in order to exchange their Russian rubles for British pounds?
17. True or False:An advantage of mass production (on an assembly line) is that there were interchangeable parts to fix products available.
18. What is the term used to describe a sudden increase in the price of raw materials?
19. Which of the following BEST describes human capital?
20. According to Robert Solow, what happens to GDP per capita as capital increases?
21. We can obtain some idea of what is happening to the average standard of living by looking at what is happening to real GNP _____
22. True or False:A claim is a topic sentence that is written as a neutral fact about a topic.
23. Adolf Dassler was the founder of the German sportswear company Adidas. His brother Rudolf founded Puma. Both of these Germans are examples of which factor of production?
24. Capital goods are the _____ that are needed to produce goods and services
25. GDP of "Water" Countries in 2017 was £12489 & 2018 was £13422. If we use 2018 as the base year, how much will the Fire Nation's economy grow?
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books