Copper is an example of ?

Related Mcqs:

1. Copper may be found native that is in its pure state but is more often found in chemical combinations with ?

   A. Iron, gold and silver
   B. Gold, silver and lead
   C. Iron, lead and sulphur
   D. All of the above minerals

2. When a national has very little GDP per person ?

   A. it is doomed to being relatively poor forever
   B. none of these answers
   C. an increase in capital will likely have little impact on output
   D. it has the potential to grow relatively quickly due to the “catch-up-effect”
   E. It must be a small nation.

3. The opportunity cost of growth is ?

   A. a reduction in current investment
   B. a reduction in current consumption
   C. a reduction in taxes
   D. a reduction in current saving

4. Which of the following statements is true ?

   A. Countries all have the same growth rate and level of output because any country can obtain the same factors of production
   B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time
   C. Countries may have different level of GDP/person but they all grow at the same reate
   D. Countries may have a different growth rate but they all have the same level of GDP/person

5. Which of the following expenditures to enhance productivity is most likely to emit a positive externality ?

   A. Megabank buys a new computer
   B. Naila pays her university tuition fees.
   C. OGDC leases a new oil field
   D. Indus Motors buys a new drill press

6. To increase growth, governments should do all of the following except ?

   A. encourage foreigners to investment in your country
   B. encourage saving and investment
   C. nationalize major industries
   D. encourage research and development
   E. Promote free trade

7. Many East Asian countries are growing very quickly because ?

   A. They save and invest an unusually high percentage of their GDP
   B. They have always been wealthy and will continue to be wealthy, which is known as the “snowball effect”
   C. They are imperialists and have collected wealth from previous victories in war
   D. They have enormous natural resources.

8. Which of the following statements regarding the impact of population growth on productivity is true ?

   A. There is no evidence, yet that rapid population growth stretches natural resources to the point that it limits growth in productivity
   B. All of these answers
   C. Rapid population growth may dilute the capital stock lowering productivity
   D. Rapid population growth may promote technological progress increasing productivity.

9. Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?

   A. Productivity growth has been steady over the last 50 years
   B. Productivity has been growing more slowly every decade since world War II
   C. Productivity grew quickly in the 1950s and 1960s more slowly from the early 1970s through 1995 and then quickly again
   D. Productivity grew slowly from the 1950s through the 1970s and then began to accelerate probably due to advances in computer technology

10. Our standards of living is most closely related to ?

    A. how hard we work:
    B. our supply of capital because everything of value is produced by machinery
    C. our productivity because our income is equal to what we produce
    D. our supply of natural resources because they limit production