
Economics Chapter 1.3
Authored by Sabrina McAnally
Social Studies
12th Grade
Used 3+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic growth is an increase in a nation's output of goods and services over time.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics growth usually can be achieved without investing in new resources.
True
false
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic growth leads the production possibilities frontier to contract
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People's skills, abilities, health, knowledge, and motivation all add up to entrepreneurship.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Separation of tasks to be preformed by different workers is division of labor.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would result in a change in the production possibilities frontier in the mythical country of Alpha?
An influx of immigrants from other countries
The discovery of an abundant natural resource
A long draught
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the mythical country Alpha, and entrepreneur has introduced a new technology that makes manufacturing twice as efficient as before. How likely to affect the production possibilities frontier.
It would not change the frontier
It would make the frontier smaller
It would expand the frontier
It would change the shape of the frontier
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