In economic growth it is important to consider________________?

Related Mcqs:

1. Economic growth can be shown by ?

   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

2. Economic growth can be measured by ?

   A. The CPI
   B. The CBI
   C. GDP
   D. MPC

3. 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

4. Maintaining full employment stabilizing the economy and pursuing economic growth are issues analyzed in the context of_______________?

   A. super economics
   B. microeconomics
   C. microeconomics
   D. hyper economics

5. To maximise growth without making a loss a firm should produce the highest output where ?

   A. Average revenue equals marginal cost
   B. Average revenue equals average cost
   C. Marginal revenue equals marginal cost
   D. Average cost equals marginal cost

6. Potential growth measures ?

   A. the growth of the fastest economy in the world
   B. The fastest growth an economy has ever achieved
   C. The present rate of growth of an economy
   D. The rate of growth that could be achieved if resources were fully employed

7. The socially optimal rate of growth is ?

   A. Zero
   B. Negative
   C. Where the marginal social benefit = the marginal social cost
   D. Total social costs are minimised

8. Suburban growth was based on___________________?

   A. the development of automobile travel
   B. expensive suburban property
   C. wartime industrial expansions
   D. movement of factories out of the cities

9. The real problem in population growth is________________?

   A. sheer numbers
   B. uneven density of population
   C. population growth presents no problem
   D. that most societies have a fertility rate

10. If population growth in the underdeveloped nations continues unabated in 2050 world population will be______________?

    A. 6 billion
    B. 8 billion
    C. 10 billion
    D. 30 billion