Econ CH1L3

Econ CH1L3

12th Grade

20 Qs

quiz-placeholder

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Econ CH1L3

Econ CH1L3

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Kimberly A Van Horn

Used 2+ times

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20 questions

Show all answers

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

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

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic growth causes the production possibilities frontier to contract.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Separation of tasks to be performed by different workers is division of labor.

True

False

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 above

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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