The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

Related Mcqs:

1. 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

2. Which of the following describes an increase in technological knowledge ?

   A. A farmer sends his child to agricultural college and the child returns to work on the farm
   B. A farmer hires another day laborer
   C. A farmer buys another tractor
   D. A farmer discovers that it is better to plant in the spring rather than in the fall

3. The growth path resulting from technological progress for a given saving rate is known as the ?

   A. Steady state growth path
   B. Steady state invention rate
   C. Steady state level of output
   Unsteady state growth path

4. Why has modern economic growth mainly been in western countries ?

   A. a strong Catholic church intervention in the economic decisions
   B. an emphasis on trade restrictions
   C. the use of the medieval economy
   D. the rise of capitalism

5. In development economics, who said,”Economic growth means more output”.

   A. Maddison
   B. Kindleberger
   C. Todaro
   D. Friedman

   Submitted by: Abdul Saboor Nasar

6. 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

7. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult
   B. relatively small; easier
   C. relatively large; more difficult
   D. relatively large; easier

8. Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

   A. market oriented
   B. a statement of religion
   C. motivating
   D. based on distinctive competencies

9. Historically countries at early stages of rapid economic development have tender to experience ?

   A. trade deficit and an excess of investment over domestic saving
   B. trade surplus and an excess of investment over domestic saving
   C. trade deficits and an excess of domestic savings over investment
   D. trade surpluses and an excess of domestic saving over investment

10. 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