Europe's Factors of Economic Growth

Front

Country X has a high gross domestic product. Country Y has a much lower gross domestic product than Country X. Which of the following statements is MOST LIKELY correct? Citizens in Country Y have a higher standard of living. There is less environmental pollution in Country X. Citizens in Country Y have less access to education. There is a higher level of unemployment in Country X.

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Citizens in Country Y have less access to education.

Front

Germany's literacy rate is 99%. Based on this information, what can be concluded about Germany?

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Germany's workforce has valuable human capital.

Front

The German government has provided education and job training to people. How did the German government try to improve its economy?

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It made investments in human capital.

Front

What is an example of an investment in human capital?

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A company pays for its workers to go to graduate school.

Front

Many factories in Russia cannot efficiently produce goods because they have old, outdated machinery. Based on this information, what would MOST improve the Russian industrial sector? Options: increased barriers to trade, investment in capital goods, investment in human capital, increased government regulation

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investment in capital goods

Front

What should Greg have done regarding the grommet factory's hydraulic press that has broken six times in three months? Options: Greg should have obtained more natural resources for the grommet factory. Greg should have invested in the human capital of the employees who work at the grommet factory. Greg should have invested in new capital goods for the grommet factory. Greg should have hired employees with more entrepreneurship to work in the grommet factory.

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Greg should have invested in new capital goods for the grommet factory.

Front

What conclusion about the Russian economy can be drawn based on the information that Iron, precious metals, and fuel, such as oil and coal, are the top three categories of EXPORTS from Russia?

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The Russian economy relies on natural resources.

Front

Chalk and gypsum deposits found in the United Kingdom are sources of what type of resource?

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a natural resource

Front

Which person demonstrated entrepreneurship? Options: Mateo worked hard every day at a grocery store, so his boss gave him a raise. Benjamin invested all of his money in the stock of a very popular coffee company. Maria wanted a new smartphone, so she saved her paychecks until she could afford it. Kara learned to code and started a company designing websites for other businesses.

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Kara learned to code and started a company designing websites for other businesses.

Front

What is a country trying to do by lowering corporate taxes, reforming regulations, and providing training programs for business owners?

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encourage entrepreneurship