Phần 10 Introduction to Economics

Which of the following is a benefit of economic growth?

• Improved living standards
• Environmental degradation
• Increased income inequality
• Reduced access to healthcare

Which of the following is a characteristic of economic growth?

• Reduction in investment opportunities
• Increase in the standard of living
• Decrease in GDP over time
• Decline in technological advancements

Which of the following is a determinant of market supply curve but NOT a determinant of an individual seller’s supply?

• The number of sellers
• Input prices
• Expectations
• Technology

Which of the following is a measure of economic development?

• Total government expenditure
• GDP per capita
• Inflation rate
• Population growth rate

Which of the following is an example of a final good or service?

• lumber purchased by a construction company to used in building houses
• a computer purchased by Federal Express to track shipments
• coffee beans Starbucks purchases to make coffee
• wheat a bakery purchases to make bread

Which of the following is an example of a final good or service?

• Mobile phones purchased by a retailer for selling to consumers
• Wood purchased by a furniture company for making tables
• Glass purchased by a car manufacturer for making windshields
• Fertilizer purchased by a farm for agricultural purposes

Which of the following is an example of a final good or service?

• Cement purchased by a construction company for building projects
• Aluminum purchased by an aircraft manufacturing company to make airplanes
• Televisions purchased by a hotel for guest rooms
• Corn purchased by a snack food company to make chips

Which of the following is an example of a nonrenewable resource?

• Honey
• Livestock
• Coal
• All of the above are correct.

Which of the following is an example of using the scientific method with a natural experiment?

• Measuring how long it takes a marble to fall from a ten story building.
• Observing the reaction when two chemicals are mixed together.
• Tracking the price of oil when a war in the middle east interrupts the flow of crude oil.
• Comparing plant growth with and without a soil additive.

Which of the following is considered human capital?

• The things you have learned this semester
• Any capital goods that require a human to be present to operate
• The amount you get paid each week to work at the library
• The comfortable chair in your dorm room where you read economics texts