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Economic Growth

10 Questions  I  By Jeffusmc
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Economic Growth
Ensure that you enter your complete first and last name so that you receive your grade.   The deadline for completing this quiz is Monday at 10 p. M.   You will have 20 minutes to answer 10 questions.   You are permitted ONE try at this quiz.   If you take it twice, your first score will be the only one counted.   Good skill!

  
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1.  Inward-oriented polices
A.
B.
C.
D.
2.  Which of the following is generally an opportunity cost of investment in human capital?
A.
B.
C.
D.
3.  Both Tom and Jerry work eight hours a day. Tom can produce six baskets of goods per hour while Jerry can produce just four baskets of the same goods per hour. It follows that Tom’s
A.
B.
C.
D.
4.  The logic behind the catch-up effect is that
A.
B.
C.
D.
5.  A nation’s standard of living is measured by its
A.
B.
C.
D.
6.  Which of the following is not correct?
A.
B.
C.
D.
7.  If your American-based firm opens and operates a new plastics factory in Ireland, your firm is engaging in
A.
B.
C.
D.
8.  Once one person discovers an idea, the idea generally enters society's pool of knowledge, which many other people can use. Therefore, knowledge is generally a
A.
B.
C.
D.
9.  If Japanese-owned Honda opens a factory in Ohio,
A.
B.
C.
D.
10.  Which of the following is not true?
A.
B.
C.
D.
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