Chapter_31 - YourResultsfor:"SelfStudyQuiz"...

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Your Results for: "Self-Study Quiz" Print this page Site Title: Principles of Economics, Eighth Edition Book Title: Principles of Economics, 8/e Book Author: Case/Fair Location on  Site: Chapter 31 > Self-Study Quiz Date/Time  Submitted: February 9, 2012 at 5:22 AM  (UTC/GMT) Summary of Results 33% Correct  of 39 Scored items: 13 Correct:  33% 26 Incorrect:  67% 3 questions not scored. 39 scored questions. More information about scoring 1. Modern economic growth  refers to: Your Answer: A period of economic growth that  17th century. Correct Answer: A period of rapid economic growth Revolution.   Incorrect. Mercantilism expanded world trade but did not generate the rapid economic  growth that occurred in the 20th century. 2. Among the sources of increased  productivity and growth in England  around 1750 was: Your Answer: New and more efficient methods o Correct Answer: All of the above.   Incorrect. This answer is correct, however, other choices are also correct. 3. Refer to the figure below. Which  graph best describes  economic 
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growth?   Your Answer:   Correct. Economic growth expands the limits imposed by resources and technologies  available and shifts society’s production possibility frontier up and to the right. 4. Higher productivity comes from: Your Answer: Innovation and technological chan Correct Answer: All of the above.   Incorrect. This answer is correct, however, other choices are also correct. 5. In order for economic growth to  increase the  standard of living: Your Answer:   Correct. Economic growth is generally defined as an increase in real GDP per capita.
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6. Which of the following contribute  to  capital accumulation? Your Answer: More knowledge and skills. Correct Answer: All of the above.   Incorrect. This answer is correct, however, other choices are also correct. 7. The  aggregate production  function  shows the relationship  between:  Your Answer: The amount of human capital that physical capital. Correct Answer: Inputs and national output, or gros   Incorrect. There is no such relationship. 8. An increase in GDP can come about  through: Your Answer: An increase in productivity (the am each unit of capital or labor). Correct Answer: All of the above.   Incorrect. This answer is correct, however, other choices are also correct. 9. The concern of Malthus and Ricardo  in the nineteenth century focused 
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on:  Your Answer: An increase in the nation’s stock o Correct Answer: Diminishing returns given a fixed s   Incorrect. Malthus did not consider the impact of capital accumulation on economic  growth. 10.
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This note was uploaded on 02/09/2012 for the course ECONOMY 101 taught by Professor Zaier during the Spring '11 term at Qatar University.

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Chapter_31 - YourResultsfor:"SelfStudyQuiz"...

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