A. An inward shift of the production possibility frontier
B. A movement along the production possibility frontier
C. An outward shift of the production possibility frontier
D. A decision by the government to produce inside the production possibility frontier
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Related Mcqs:
- The Harrod Domar growth model suggests that growth is ?
- A. directly related to savings and inversely related to the capital/output ratio B. directly related to the capital/output ratio and inversely related to savings C. indirectly related to savings and the capital/output ratio D. directly related to savings and the capital/output ratio...
- In food demand growth equation D = Φ + a E, a is the income elasticity of demand for food E is the per capita income growth and Φ is ?
- A. Poverty rates B. food security index C. change in the quantity of food demanded per capita D. population growth...
- 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...
- 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...
- 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...
- 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...
- The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?
- A. saving, investment B. capital per person, productivity C. labor growth, output D. investment capital per person...
- Economic growth can be measured by ?
- A. The CPI B. The CBI C. GDP D. MPC...
- Economic growth can be seen by an outward shift of ?
- A. The Production Possibility Frontier B. The Gross Domestic Barrier C. The Marginal Consumption Frontier D. The Minimum Efficient Scale...
- The formula to calculate economic growth from 2001 to 2002 is given by ?
- A. [(GDP2002 + GDP2001)/GDP2001]100 B. [(GDP2002 – GDP2001) GDP2001]100 C. [(GDP2002 – GDP2001)/GDP2001]100 D. [(GDP2001 – GDP2002]100...
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