
Market Structures and Productivity
Authored by Solomon van Wyk
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11th Grade
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45 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is productivity a measure of in economics?
The efficiency of market transactions.
The amount of goods and services produced per capita.
The comparison of the amount of goods and services produced (output) with the inputs used to produce them.
The total value of goods and services produced by an economy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Human Capital?
The physical goods used to produce other goods and services
The knowledge and skills workers acquire through education, training, and experience
The financial resources invested in a business
The natural resources available to a society
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Physical Capital include?
The knowledge and skills of employees
The financial investments in stock markets
Human-made goods used to produce other goods and services, tools, and buildings
The natural environment and ecosystems
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can investment in Human Capital and Physical Capital increase productivity?
By decreasing the knowledge and skill of its people and businesses
By limiting the amount of goods and services produced
By expanding the knowledge and skill of its people and businesses
By solely focusing on financial growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does productivity encourage companies?
By decreasing their growth rate
By allowing them to grow faster, which helps the economy grow in size and strengthen fiscal conditions
By increasing investment taxes
By reducing the impact on the standard of living
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the ways productivity allows consumers to benefit?
By getting less of what they want
By increasing the time needed to get what they want
By getting what they want faster or getting more in the same amount of time
By raising prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the effects of rising productivity on supply, prices, and wages?
Decreases supply, increases prices, and lowers wages
Increases supply, has no effect on prices or wages
Decreases supply and wages, but increases prices
Increases supply, decreases prices, and increases wages
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