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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.  A nation's standard of living is determined by
A.
B.
C.
D.
2.  Although technological knowledge and human capital are closely related, there is an important difference. A relevant metaphor would be
A.
B.
C.
D.
3.  Which of the following is correct?
A.
B.
C.
D.
4.  Which of the following is not correct?
A.
B.
C.
D.
5.  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.
6.  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.
7.  Foreign saving is used for domestic investment when foreigners engage in
A.
B.
C.
D.
8.  The term "Brain Drain" refers to
A.
B.
C.
D.
9.  If Japanese-owned Honda opens a factory in Ohio,
A.
B.
C.
D.
10.  Which of the following is generally an opportunity cost of investment in human capital?
A.
B.
C.
D.
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