Economic growth can be seen by an outward shift of ?

Related Mcqs:

1. An outward shift of the production possibility frontier may be caused by ?

   A. An increase in demand
   B. More government spending
   C. Better training of employees
   D. Productive inefficiency

2. An outward shift in the Marginal Efficiency of Capital should ?

   A. Decrease consumption
   B. Increase aggregate demand
   C. Reduce aggregate supply
   D. Slow economic growth

3. An outward shift in the demand for money other things being equals should lead to ?

   A. A lower interest rate but the same quantity of money
   B. A higher interest rate but the same quantity of money
   C. A higher quantity of money but lower interest rates
   D. A higher quantity of money but the same interest rate

4. Which of the following will not shift a country’s production possibilities frontier outward ?

   A. an advance in technology
   B. an increase in the labor force
   C. an increase in the capital stock
   D. a reduction in unemployment

5. An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?

   A. reduces; reduces
   B. reduces; increases
   C. increases; increases
   D. increases; reduces

6. Which statement best explains China’s economic shift towards capitalism in the 1980s and early 1990s ?

   A. China’s economic policies were directly influenced by the success of the Soviet economic System
   B. The Tiananmen Square massacre resulted in Major economic reforms in China
   C. The success of the Cultural Revolution resulted in the increased westernization of china
   D. communist economic policies were not meeting the needs of the society

7. Economics in India Pakistan the Philippines and Mexico argue the foodgrain growth would not have kept up with population growth in the last four decades without ?

   I- improved packages of high-yielding seed varieties
   II- fertilizers, pesticides and irrigation
   III- improved transportation
   IV better extension service

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II, III and IV

8. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II , III only IV

9. Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?

   A. Hispanics and Asians
   B. African Americans
   C. Western Europeans
   D. Middle Eastern

10. The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?

    A. endogenous
    B. exogenous
    C. beta
    D. convergence