Economic Growth Quiz 73 (25 MCQs)

Correct Answer: C) A dollar had more purchasing power when he was young.

Correct Answer: A) African Americans.

Correct Answer: D) The end destination of cattle trails was the railroad stations that would take cattle to markets.

Correct Answer: A) Quality of Life.

Correct Answer: D) Technological Change.

Correct Answer: D) Economic growth is the increase in quantity of goods and services produced, while economic development is the improvement in quality of life and well-being.

Correct Answer: A) True.

Correct Answer: D) Established circuit courts in the Backcountry.

Correct Answer: D) Lowered the cost of goods.

Correct Answer: C) The process of starting, organizing, managing, and assuming the responsibility for a business.

Correct Answer: B) Entrepreneur.

Correct Answer: C) Increased Standard of Living.

Correct Answer: A) Capital per worker increases and Output per worker increases.

Correct Answer: C) Included several trade unions.

Correct Answer: C) \parbox{\linewidth}{\centering \includegraphics[width=.35\columnwidth]{Figure/479.jpg}}.

Correct Answer: C) Entrepreneur.

Correct Answer: B) Gross Domestic Product (GDP.

Correct Answer: B) Rice and Indigo.

Correct Answer: B) Qualitative.

Correct Answer: A) They create and sell good and services, which people use money to buy.

Correct Answer: C) Human.

Correct Answer: C) Rival good.

Correct Answer: A) By setting member production quotas to lower the overall supply of oil.

Correct Answer: A) Real gdp.

Correct Answer: A) Frequent political unrest and violence.