Economic Growth and Development Theories
Authored by Shey Lu
Business
1st - 4th Grade
Used 15+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A theory of economic growth based on the idea that a nation's wealth and power were best served by increasing exports
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Growth Theory
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
This theory was developed by Adam Smith where he argued that there are several factors which enable increased economic growth like the productivity of labor and role of trade.
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Technology is needed to increase productivity
Classical Theory
Endogenous Growth Theories
Mercantilism
Neo-classical Theory
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
To have economic growth through increased GDP.
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
This theory of economic growth emphasizes on human capital
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
6.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
The growth theories that emphizes on productivity.
Classical Theory
Endogenous Growth Theory
Mercantilism
Neo-classical Theory
7.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
It is defined an increase in the value of goods and services produced in an economy over a period of time.
(a)
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