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Chapter 1 Section 3 Econ

Authored by Corina Allen

Social Studies

9th - 12th Grade

Chapter 1 Section 3 Econ
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth is an ______ in a nation’s output of goods and services over time.

increase

decrease

no change

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth usually ______ be achieved without investing in new resources.

can

cannot

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth causes the production possibilities frontier to ______.

Media Image
Media Image

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Separation of tasks to be performed by different workers is _______.

separation of powers

checks and balances

division of labor

5.

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 Alpha?

an influx of immigrants from other countries

the discovery of an abundant natural resource

a long drought

all of the other answers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the mythical country Alpha, an entrepreneur has introduced a new technology that makes manufacturing twice as efficient as before. How is this 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.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of output in a specific amount of time with a given amount of resources is referred to as

productivity

human capital

efficiency

investment risk

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