Economic Growth

10 Questions  I  By Jeffusmc
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.  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 generally an opportunity cost of investment in human capital?
A.
B.
C.
D.
3.  A rapid increase in the number of workers is likely to
A.
B.
C.
D.
4.  The logic behind the catch-up effect is that
A.
B.
C.
D.
5.  Which of the following is correct?
A.
B.
C.
D.
6.  If Japanese-owned Honda opens a factory in Ohio,
A.
B.
C.
D.
7.  A nation’s standard of living is measured by its
A.
B.
C.
D.
8.  If your American-based firm opens and operates a new plastics factory in Ireland, your firm is engaging in
A.
B.
C.
D.
9.  Suppose Ford builds a new car factory in Mexico. Future production from such an investment would
A.
B.
C.
D.
10.  Which of the following is not correct?
A.
B.
C.
D.
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