Economics Mcqs
Economic growth may depend upon _____ and _____?

A. Population size, x-efficiency
B. Population age distribution, education
C. Population growth technical progress
D. Population growth education

The growth rates of economies tend to converge because ________ is easier when capital per worker is low and because of?

A. Capital-widening technical innovation
B. Capital-widening catch-up in technology
C. Capital-deepening technical innovation
D. Capital-deepening, catch-up in technology

Potential output can be increased by ____ or by ______?

A. Increasing the use of labor increasing the use of land
B. Increasing the use of capital increasing the use of labour
C. Increasing the use of land increasing the use of capital
D. Increasing the use of all inputs, technical advances

The percentage of the working age population that is part of the workforce is known as the ?

A. Workers
B. Non-slackers
C. Diligent rate
D. Participation rate

Policies to encourage productivity do not include ?

A. Building more retail outlets
B. Encouraging risk-taking
C. Encouraging innovation
D. Encouraging r & d

Identify below what does NOT affect productivity ?

A. Public investment in education
B. Innovation and the application of new technology
C. The phase of the lunar cycle
D. Private investment in new physical caital

Supply side policies are considered effective in ?

A. Increasing government expenditure
B. Reducing taxation
C. Increasing the money supply
D. Encouraging technological progress

Economic growth is important because ?

A. People want less crime
B. People want to be happier
C. People want a better environment
D. People want higher incomes and more consumer goods.

Identify below what is NOT considered to be a cause of economic growth ?

A. An increase in the quantity of labor and capital
B. An increase in labor productivity
C. An increase in the money supply
D. An increase in technology

The golden-rule saving rate is the rate of saving that ?

A. Gets the highest rate of interest
B. Maximizes the level of long-run investment
C. Maximizes the level of long-run consumption
D. Maximizes human capital