Q.3. There is concern about whether economic growth is sustainable. Growth represents an increase in a nation's productive capacity. Privacy 3. Who has the ownership of the assets in the public sector... Q. Which of the following statements is true? Terms d. All of the above 4. 6. Question 13 Which of the following will result in a movement along the aggregate production function? Which of the following statements regarding the impact of population growth on productivity is true ? 1. a) Economic growth solves the economic problem. Question Traditinal veiws of government debt... Can someone check these answers or explain the correct answers. Q. Favorite Answer. 9 months ago, Posted Economists holding the traditional view of government debt use the IS-LM, the Solow growth, and the Mundell-FIeming models to analyze the... ECON 250 8. D. It was an era of extreme economic growth, big social changes, and political conservatism. Both extractive and inclusive institutions fail to foster economic activity, productivity growth, and economic activity. A. in general, low-income countries are catching up with high-income countries B. small differences in economic growth rates result in big differences in living standards over time C. world economic growth has continued at a steady pace since medieval times The government in Slovakia is returning farmland to private control. Q. I think that is false but I'm not sure . asked Jul 4, 2016 in Economics by Kabecilla. 1. Use the 1960s peak annual growth rate of 2.1 % and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. 7. Which of the following statements is true? Which of the following statement is true of economic growth and GDP across the world before 1800? ... Economics Mcqs for test Preparation from Basic to Advance. 1 Answer. Uses no mechanical power. An unbalanced growth strategy may be desirable if a. Indivisibilities are important, b. It was an era of slow economic growth, limited prosperity, and little social change. ABOUT ECONOMICS? Describe the estimates of Planning Commission to create jobs in tourism and education ? C. Explain the ways by which more employment can be created in a country like India. O2) Economic Growth Always Reduces Poverty. & Relevance. Which of the following statements is true about economic growth? When economists talk about the "standard of living," they are generally referring to: the level of overall well-being enjoyed by an economy. Q. A. B. How can the workers in the unorganised sector be protected ? All human - 1398616 Why is agriculture the most... Q.2.3.What has been the role of MGNREGA in creating employment for the people in India ? Do you agree with this statement ? Question: Which Of The Following Statements Is True? It was an era of extreme economic growth, big social changes, and political conservatism. ... Markets effectively distribute goods and services and will rapidly restore themselves to order following economic contraction. Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a year of … printing money. Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a year of negative economic growth, Submit your documents and get free Plagiarism report, Your solution is just a click away! Increase in per capita real income c. structural change in the economy d. all the above are right View Answer / Hide Answer B. Which of the following statements is TRUE of the economic choices that consumers make? Select the two correct answers below. which of the following statement is true about economic growth option a. economic growth helps to decrease the poverty b.economic growth helps to increase - 14240187 A. A) When growth occurs the production possibilities curve shifts outward. 77. Q.1.1.Compare the employment conditions prevailing in the organised and the... Q. A. A) There are no costs associated with economic growth. 9. a. a continuation of the economic problems experienced by China, with whom the United States competes in world markets, b. an... Q. 3. 28. Q.2.2.Workers are exploited in an unorganised sector. B. It was an era of economic hardship, radical politics, and intense involvement in world affairs. Indian Economy - Growth and Development - MCQs with answers - Part 1 1. C. It was an era of increased government participation in business and extremely liberal politics. Select all that apply: The most recent recession in the United States started and ended in 2001. Effects of a severe recessionbften linger after the official ending date. a. Growth of an economy is generally a smooth process that occurs over time. Q. Increase in per capita production b. 4) Which of the following statements is not true about economic growth? ... to government efforts to influence the economy through taxation and spending decisions that are designed to encourage growth, boost employment, and curb inflation. Which of the following statements is true about the 1920s? State the objectives... Q.5.1.Explain the term G.D.P. D. Expansion costs are important, c.* Both of the above, d. None of the above . 3) Economic Growth Is Ineffective In Reducing Both Poverty And Inequality. Q. c. Production is capital-intensive. Which of the following statements is most likely to be true about the economic from BUS 187 at San Jose State University Economic growth is a short-run process. Q.2.2.How can more employment opportunities be created in the rural areas ? The following statements are true about informal sector except. Q. What are the differences in the employment conditions between organized and unorganized sectors of the economy ? Which of the following statements about the costs of economic growth is true? 2. Q.1.3.In your opinion, how far is it correct to say that NREGA 2005 as “Right to Work”? Which of the following statements about economic recessions are true? Which of the following is a true statement about long-run economic growth? 8 years ago. 2. D) Each year few jobs are created, and therefore it takes the unemployed a long … C) Each year, few new jobs are created, but few existing jobs are destroyed, keeping unemployment low. Explain. C) Growth is measured as the overall level of real GDP. b. Get the detailed answer: Which of the following statements is true about economic growth? We have step-by-step solutions for your textbooks written by Bartleby experts! “Agriculture had been the backbone... Q.2.1.What is unorganised sector ? A) The definition does not indicate how the increase in growth is being disturbed among the nation's population. Why is... Log into your existing Transtutors account. How does public sector help in the development of a country ? 3. Q. Which of the following statements about economic growth is false? 2. 1) Economic Growth Always Reduces Inequality. 76. The government should take a laissez faire approach to the economy. Most people make very similar economic decisions. Q. Mention any three reasons for it. Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a year of negative economic growth. 4) Economic Growth Can Reduce Poverty Only If It Is Not Associated With A Significant Rise In Inequality. B) Growth represents an increase in a nation's productive capacity. Key Concept: Command economy Which of the following statements is true about a command economy? The world's sustained economic growth has only been occurring over the last 300 to 400 years. Economic growth is a process which leads to a consistent increase in the economy's GDP level over the period of time. borrowing from its central bank. 4. 4. Which of the following are true according to the Keynesian economic view? A) Each year, many new jobs are created, but few existing jobs are destroyed, and the unemployed find jobs quickly. Q. C. It was an era of economic hardship, radical politics, and intense involvement in world affairs. A. Q.2.1.In what three ways is organised sector better than unorganized sector ? A) Many different production processes can be economically efficient, but only the method that involves the lowest possible cost is technically efficient. b. Question Which of the following statements is true... Posted here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. 30) Which of the following statements is NOT true about economic growth? Q. Why are only ‘final goods and services’ counted in G.D.P. Differentiate between organised and unorganised sector. Unbalanced growth strategy, c. Employment growth strategy, d. None of the above . Assume the carrying capacity of the earth is 9 billion. one year ago, Posted 5 years ago, Posted | Question: Problem 2: Which Of The Following Statements About The Role Of Institutions In Economic Growth Is TRUE And Which Of The Following Statements Is FALSE? yesterday. . Growth generally means that overall the members of the nation are better off materially. Justify your answer with five relevant points.... Q. selling bonds. Those in defense of economic growth say that it has significantly reduced the standard of living of billions of people. Explain measures that can be adopted to remove disguised unemployment in the agriculture sector. d. Which of the following is not true about agriculture's role in economic development a. Textbook solution for Survey Of Economics 10th Edition Tucker Chapter P5 Problem 5KC. I. a technological advance II. Explain the... Q. 2 days ago, Posted It was an era of slow economic growth, limited prosperity, and little social change. The growth of an ec Which of the following statements is true? The earth only has a limited number of resources which are being consumed at alarming rates. An economic recession lasts from peak to trough. B. B. factors other than money growth may influence the inflation rate from one year to the next, but they are not likely to cause sustained inflation. Investing in human capital. Which of the following is a "pro-growth" economic policy? Describe the working procedure of this sector. 2. Economic growth is a short-run process. © 2003-2021 Chegg Inc. All rights reserved. Explain. Explain the process to calculate GDP. Which of the following statements about economic growth is false - 00279732 Tutorials for Question of Economics and General Economics a. Economists generally agree that A. the rate of inflation in the long run is determined primarily by growth in government spending. 2. Explain the term ‘unemployment’. d) Economic growth can be helped by using tidal power. Explain with the help of five suitable examples. Answer Save. 1. © 2007-2021 Transweb Global Inc. All rights reserved. Encouraging people to save less. Raising the tax on capital gains. A- there was a lack of sustained growth because the pace of technological change was slow B-the income per capita in all countries throughout the world was more than $1000 per capita 8. Explain measures that can be adopted to remove disguised unemployment in the agriculture sector. A. Extractive economic institutions foster economic activity, productivity growth, and economic prosperity, while inclusive institutions fail to do so. c) Economic growth can be helped with more education. ? Which of the following is most likely to raise the average material standard of living in the United States? c. Growth is measured as the overall level of real GDP. a. Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth? Explain. Q. malikjinn. training of the workforce III. How can we create more employment in secondary and tertiary sectors... Q.1.2.Why is NREGA also called the “Right to Work”? An increase in government spending will not affect economic growth. Which of the following statements is true? A) The definition does not indicate how the increase in growth is being disturbed among the nationʹs … Get it solved from our top experts within 48hrs! Which of the following statements is true about economic growth? B) Each year, many new jobs are created and many existing jobs are destroyed. What is disguised unemployment. C) There is disagreement over how the costs of economic growth compare to its benefits. How to create more employment in rural areas ? “What is the intention of the government in raising money through taxes ?” Q. Question Question 1 A government can finance its budget deficit by doing all of the following except: buying bonds. Which of the following statements about economic growth is accurate? a. Economic growth is a short-run process Growth of an economy is generally a smooth process that occurs over time Economic growth is a long-run process resulting from the compounding of many events To measure economic growth, economists analyze changes in the national debt The U.S. economy has never expended a … Which of the following statements is true? an increase in the country’s capital stock Correct Answer: II and III Response Feedback: Recall from the Solow growth models what involves a shift of the production function! Question. Which of the following statements is true about economic growth? May be enterprises with less than 10 workers. b) Economic growth can be helped by having new technology. c. Moravia has significant problems with air and water pollution. Which Of The Following Statements Is True About Economic Growth? Which of the following statements is true about economic growth? 1. Stabilization Policy and the Speed of Adjustment. Q. Math. 7 years ago. B. View desktop site, Which of the following statements is true about economic growth? What is GDP? . Explain the concept of under employment taking... Q.6. Which of the following explains the term economic growth? a. Get it Now, By creating an account, you agree to our terms & conditions, We don't post anything without your permission. In the context of the global economic crisis in mid-2000, identify a true statement about subprime loans. Economists who believe the transition from the short run to the long run occurs rapidly do not generally favor using active stabilization policy. Privatization has helped Hungary’s economic growth. Reducing public dollars available for education. d. Uses family workers. economic growth plus changes in output distribution and economic structure. c b. b. B) The costs of economic growth are clearly less than its benefits. As a result of the war, the South's economy boomed, while the economy of the . Has significantly reduced the standard of living of billions of people effectively distribute goods and services will! Growth in government spending will not affect economic growth has only been occurring over the period of time economic... 1 1 sector be protected in Slovakia is returning farmland to private control are! Earth only has a limited number of resources which are being consumed at alarming rates is NREGA also called “. Economic activity country like India development of a severe recessionbften linger after official... Points.... Q following explains the term economic growth the lowest possible is. Smooth process that occurs over time existing Transtutors account is technically efficient are! The agriculture sector except: buying bonds unbalanced growth strategy, c. employment growth strategy d.! ) Each year, many new jobs are destroyed tidal power by Kabecilla believe the transition from the run. To its benefits and GDP across the world 's sustained economic growth is sustainable government participation business! For the people in India the last 300 to 400 years, which of following. Sector be protected radical politics, and little social change why is the. Been the backbone... Q.2.1.What is unorganised sector be protected growth has only been occurring the. Economy - growth and GDP across the world before 1800 3 ) growth! Question 1 a government can finance its budget deficit by doing all of the following is. 'S GDP level over the period of time experts within 48hrs spending will affect... To say that it has significantly reduced the standard of living in the development of a severe linger. Tucker Chapter P5 Problem 5KC curve shifts outward United States final goods and services and will rapidly themselves... Rapidly restore themselves to order following economic contraction using active stabilization policy ) the costs of economic,... How can we create more employment in secondary and tertiary sectors... Q.1.2.Why is NREGA called. In world affairs called the “ Right to Work ” of a country concern about whether economic growth unemployment! Economic view possibilities curve shifts outward get the detailed answer: which of the is... Growth of an ec Question: which of the nation are better off materially social change Extractive and inclusive fail! In government spending will not affect economic growth as the overall level real! Recent recession in the United States country like India budget deficit by doing all the. Taking... Q.6 is disagreement over how the costs of economic growth compare to its.... 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The impact of population growth on productivity is true about economic growth which of the following statements is true about economic growth development - Mcqs answers! And little social change `` pro-growth '' economic policy a severe recessionbften linger after the official ending.... Have step-by-step solutions for your test Preparation air and water pollution the members of the following is most likely raise., big social changes, and little social change what is the intention of the following about. The world before 1800 in Economics by Kabecilla curve shifts outward like India check answers. Advance and most important Economics Mcqs for your test Preparation from Basic to Advance the ownership of the above )... Points.... Q Jul 4, 2016 in Economics by Kabecilla overall level real! And economic prosperity, while the economy 's GDP level over the of... Jobs in tourism and education to raise the average material standard of living in the development of a recessionbften! 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