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Economic Growth

10 Questions  I  By Jeffusmc
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.  The logic behind the catch-up effect is that
A.
B.
C.
D.
2.  A rapid increase in the number of workers is likely to
A.
B.
C.
D.
3.  Suppose Ford builds a new car factory in Mexico. Future production from such an investment would
A.
B.
C.
D.
4.  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.
5.  The opening of a new American-owned factory in Liberia would tend to increase Liberia’s GDP more than it increases Liberia’s GNP because
A.
B.
C.
D.
6.  Which of the following is an example of a nonrenewable resource?
A.
B.
C.
D.
7.  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.
8.  Which of the following is correct?
A.
B.
C.
D.
9.  The term "Brain Drain" refers to
A.
B.
C.
D.
10.  Other things equal, relatively poor countries tend to
A.
B.
C.
D.
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