Choose the best answer to the following multiple choice questions. A nation will experience economic growth if it does each of the following things except O A. use all its resources to produce consumption goods O B. develop better technologies for producing goods and services O C. improve the quality of labor by education, on-the-job training, and work experience O D. use more capital resources

Q: Population growth prior to the 1900s was limited by what? What is the world’s population today and…

A: 1)Prior to 1900,there was not much advancement in medical technology,therefore deaths would be more…

Q: Which of the following is unlikely to affect the rate of economic growth? O the quality of available…

A: The rate of economy growth will get affected when the next period's rate of economic growth is…

Q: The catch up effect means that countries that start off rich tend to grow more rapidly than…

A: Catch up effect states that a poor country that has low initial growth rate but higher productivity…

Q: untries? a) Country 1 has a higher savings rate b) Country 2 starts out with a…

A: Capital good raises the productive capacity over the long run but in short run consumption level…

Q: What are the terms of trade effect and wealth effect of growth? explain in detai

A: The terms of trade(TT) are the proportion of the price(p) of export to the price of import, and it…

Q: onomic gro

A: Sustainable economic growth implies a rate of growth which could be maintained without creation of…

Q: Which of the following movements on a Production Possibilities Graph would represent economic growth…

A: PPC is Production Possibilities Curve. It represents production of two goods given the resources and…

Q: a your opinion, how do theories of economic development guides one country in etermining economic…

A: The economic growth refers to sustained rise in the production of goods and services.

Q: Which of the following is not a source of economic growth? A. appropriate incentive system B.…

A: Financial development or economic growth- estimated as an increment of individuals' genuine pay -…

Q: What is meant by economies of scale and what is the importance of this concept to  economic growth?

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Why economic growth can be harmful (bad) to society? Illustrate your answers with example

A: When economic activity in an economy rises, raising aggregate output, it is referred to as economic…

Q: QUESTION 18 Which of the following is a source of long-run economic growth for a country? O a.…

A: Technology is one of the most important driving factor of growth. According to the law of…

Q: How do Economic institution affects Economic growth

A: Economic institutions are responsible for the economic policies formed in the economy. These…

Q: Describe the difference between how Economic Expansion and Economic Growth can be displayed on the…

A: The Production Possibility curve can be used to explain two important economic concepts - Economic…

Q: Outward oriented policies have adverse effect on economic growth. Select one: O a. Fales. O b. True.

A: Outward-oriented policies are aimed to reduce the restrictions on trade thus enabling an economy…

Q: What is the dynamic entrepreneurship and what are the dynamic entrepreneur’s roles in economic…

A: Entrepreneurship is the activity in which a person or number of people set up a business by taking…

Q: QUESTION 20 Which of the following statements is most accurate about modern economic growth? O a.…

A: * ANSWER :-  * The OPTION B  is correct answer. * Explanation :-

Q: If the US has an average growth rate is 2.1% and South Korea has an average growth rate of 5.%, then…

A: Growth, the interaction by which a country's wealth increments over the long run. Albeit the term is…

Q: As an economist, what role do you see of markets in facilitating economic development? What are the…

A: Financial-markets and institutions provide an opportunity where the savers can invest their money in…

Q: Answer and Explain in Philippine's Context 1. What form or combination of political institutions is…

A: So we can say that where I think political institutions demonstrate that consolidated democracies…

Q: All of the countries that grant considerable economic freedom have experienced positive rates of…

A: The Economic Freedom of the World index indicates that Economic freedom is the fundamental right of…

Q: Over the past 100 years, in the United States the average growth rate of, grew at a faster rate than…

A: Gross domestic product (GDP) refers to the total value of all the final goods and services that…

Q: Question 67 Which of the following is most likely to result in accelerated economic growth? O Higher…

A: Economic growth: - economic growth is the increase in the quantity of goods and services in an…

Q: 3. Which of the following is not one of the three terms used to describe and compare the level of…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Chapter 8: Economic Growth I: Capital Accumulation and Population Growth Question: The .. . level of…

A: The solow model is one of the most important neoclassical growth models which would result in the…

Q: QUESTION 6 The Solow growth model shows that O A. in the absence of productivity growth, economic…

A: The Solow growth model refers to one of the economic models that explains the economic growth in the…

Q: Suppose that India is currently growing at a rate of 14% per year and is producing real GDP per…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Which of the following statements about the opportunity cost of economic growth is correct? The…

A: The opportunity cost of economic growth is the consumption that's being given up today to have more…

Q: Which of the following statements is (are) problems associated with economic growth? O a. Growth of…

A: GDP(GROSS domestic product) is the sum of value of goods and services that are produced in an…

Q: A) If you are given a choice to live in a country with high level of GDP and low growth rate or to…

A: A) I would choose to live in a country with high level of GDP and a low growth rate as a high level…

Q: “Economic growth doesn’t simply depend on having more natural resources, more or higher-quality…

A: Economic growth just comes from expanding the quality and amount of the components of creation,…

Q: Which of these is NOT a factor of economic growth? O decrease in the savings rate investment in…

A: Economic growth is defined as an increase in the stock of final goods and services from one period…

Q: O A. economic growth most often occurs in economies with large populations, such as what we see in…

A: According to new growth theory,economic growth happens with mostly large population.

Q: Look at the hypothetical data below: Real GDP per capita Nigeria $1,000 Mexico $8,000 China $15,000…

A: The term ‘economic growth’ refers to the rise in aggregate production of services and commodities in…

Q: What is meant by economies of scale and what is the importance of this concept to economic growth?

A: In an economy, production cost refers to the cost incurred when producing goods and services by the…

Q: What important function do institutions serve for economic development? O They assign resources to…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Question 3 Economic growth is measured by the growth rate of O real GDP per capita. inflation. O…

A: Answer to the question is as follows:

Q: What are some of the reasons for the ncreased productivity growth? * O Start-up firms and increasing…

A: The reasons for increased productivity can be explained as :

Q: What annual growth rate will result in a country roughly doubling its GDP in 10 years? Select one:…

A: Gross domestic product is the value of final goods producing in a territory over a period of time.…

Q: t lea

A: The factors being included in the standard for living are : employment opportunities,income, cost of…

Q: An increase in the production of capital goods and a reduction in the production of consumer goods…

A: The economic growth is the increase in the value of all goods and services produced in a given year.…

Q: Which of the following is the cost of economic growth? a. sacrifice of greater safety b.…

A: Opportunity cost of workers time would lead to economic growth.

Q: Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your idea

A: Since you have asked multiple question, we will solve the first question for you. If you want any…