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Macroeconomics Private and Public Choice

Business

Quiz 16 :

Creating an Environment for Growth and Prosperity

Quiz 16 :

Creating an Environment for Growth and Prosperity

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Which of the following is true regarding the per person income of the world during the past 1000 years
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B

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The replacement of the phonograph by the cassette tape player and the eventual replacement of the latter by CD and MP3 players is an example of
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D

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Life expectancy at birth for the world rose from 24 years to 26 years between 1000 and 1820, but by 2003, life expectancy had risen to
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D

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Economic growth is important because expansion in the output of goods and services
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Which of the following is most likely to help promote the efficient use of resources and rapid economic growth?
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If a poor country is going to grow rapidly and achieve a high level of per capita income, which of the following is most important?
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When competition is present and private ownership rights are clearly defined and securely enforced by the legal system, business firms will have a strong incentive to
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During the past 200 years, income per person has
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Which of the following is most important if a country is going to achieve and sustain rapid economic growth?
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Which of the following did Thomas Malthus believe would deter sustained increases in the growth of income per capita?
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Which of the following is most important if the living standards of people residing in a country are going to improve?
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Which of the following is true of the per person income of the West (Western Europe and its offshoots of the United States, Canada, Australia, and New Zealand)
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The major sources of economic growth are
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During the past 1000 years, the income per person of the world has
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According to Angus Madison, a leading authority in the area, world per capita GDP
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For a country to double its per capita income every twenty years, it would have to sustain an annual economic growth rate equal to
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Measured in 1990 dollars, the GDP per person of the world was $667 in 1820. By 2003, the world's income per person had risen to
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When per capita real GDP is increasing, real output is growing
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Which of the following is most important if a country wants to move from a low-income to a high-income status?
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Which of the following is true for the world as a whole?
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