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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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Question Excerpt

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1.  Which of the following is not true?
A.
B.
C.
D.
2.  Suppose Ford builds a new car factory in Mexico. Future production from such an investment would
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.  Although technological knowledge and human capital are closely related, there is an important difference. A relevant metaphor would be
A.
B.
C.
D.
5.  If your American-based firm opens and operates a new plastics factory in Ireland, your firm is engaging in
A.
B.
C.
D.
6.  Which of the following is generally an opportunity cost of investment in human capital?
A.
B.
C.
D.
7.  Which of the following is an example of a nonrenewable resource?
A.
B.
C.
D.
8.  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.
9.  If Japanese-owned Honda opens a factory in Ohio,
A.
B.
C.
D.
10.  A nation’s standard of living is measured by its
A.
B.
C.
D.
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