Economic Growth

10 Questions  I  By Jeffusmc
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Economic Growth
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1.  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.
2.  Which of the following is correct?
A.
B.
C.
D.
3.  A nation’s standard of living is measured by its
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.  Foreign saving is used for domestic investment when foreigners engage in
A.
B.
C.
D.
6.  The logic behind the catch-up effect is that
A.
B.
C.
D.
7.  Which of the following is not true?
A.
B.
C.
D.
8.  Which of the following is generally an opportunity cost of investment in human capital?
A.
B.
C.
D.
9.  Which of the following is an example of a nonrenewable resource?
A.
B.
C.
D.
10.  A nation's standard of living is determined by
A.
B.
C.
D.
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