which then became available to follower countries, are known as ______ Network effects which increase the value of the product to each user as the total number of users rises This cookie is set by the provider Yahoo. Those countries which experienced modern economic growth earlier B) Plantation owners sought improved transportation to expand the sharecropping system. technological progress? D) The demand for inexpensive labor led industrialists to advocate increased immigration. a. Countries that develop and use the most advanced technologies, Why do economists pay so much attention to small changes in Helps users identify the users and lets the users use twitter related features from the webpage they are visiting. Malthus' argument goes as follows: Since the land area of the world is fixed, growth of population would mean that there would be less and less food to feed each person. Environmental protection itself contributes to economic growth. structures? The purchase of the economy's expanding goods and services by households, businesses, and the government is known as the ____ factor. 2. c. Supply b. a. resources. enable an economy to expand its potential GDP Answer: D) Government subsidies facilitated the construction of transportation and communication networks. B) They organized reform movements in order to fight for political equality. A) Growing influence of populist political arguments. Which of the following developments most likely explains the trade policies Burlingame advocates in the excerpt? This cookie is used to track the individual sessions on the website, which allows the website to compile statistical data from multiple visits. Higher levels of consumption will help to reduce any incidence of absolute poverty (when people can't meet basic necessities of life.) Move the states that should grow quickly to the box "Grow quickly." Move the other states to the other box. b. increase both the price level and the quantity of output produced. Real GNI per capita - helps to lift people out of extreme poverty and improve development outcomes (e.g. economic growth? An increase in productivity growth is important because real output, real income and real wages are linked to ______. B) Chief Joseph believed that Native American tribes had a right to sovereignty, while Commissioner Parker believed that Native American tribes were not sovereign nations. Which of the following are growth-promoting institutional structures? D) Sharecropping emerged in the Reconstruction era, channeling farmers into new labor systems. Also, growth will lead to the consumption of non-renewable resources which may place costs on future generations. The California Constitution is the state's highest law. Somebody makes and sells the air pollution control technologies we put on power plants and motor vehicles. The data includes the number of visits, average duration of the visit on the website, pages visited, etc. Which of the following are used by economists to define and measure The cookies store information anonymously and assign a randomly generated number to identify unique visitors. The core element of the productivity speedup between 1995 and 2010 was an explosion of entrepreneurship and innovations based on ______. The supply factors that are part of the "determinants" of economic growth include increasing the quality and quantity of natural and human resources, increasing the stock of capital, and improvements in ______. We use cookies on our website to collect relevant data to enhance your visit. industrialized nations? Which of these explain why growth is an important economic goal? B) Improved quality of manufacturing steadily decreased demand for consumer goods. This cookie is installed by Google Analytics. Rapid economic growth is unsustainable due to the earth's finite resources. True or false: Growth enables society to improve nations Network effects Videos about economic collapse on Youtube, Why Landlords are Facing A Tougher Economic Situation, How Bank Failures can destroy the economy, Absolute Advantage definition and examples. b. Chinas break-neck period of economic growth has led to increased pollution and congestion levels. Economic growth without pollution is possible if care is taken to concentrate on more environmentally friendly methods. What are the two supply-side elements of real GDP? You also have the option to opt-out of these cookies. B) Both asserted that the federal government had legal authority over American Indians. a. Rapid economic growth is unsustainable due to the earth's finite resources. Which of the following are used by economists to define and measure economic growth? Why do economists pay so much attention to small changes in the rate of economic growth? The cookie domain is owned by Zemanta.This is used to identify the trusted web traffic by the content network, Cloudflare. Obtain Apples fiscal 2016 10-K (filed October 26, 2016) either through the Investor Relations portion of its website (do a web search for Apple Investor Relations) or go to www.sec.gov and click Answer: D). It also allows policymakers, economists, and businesses to. A) The adoption of beliefs of Social Darwinism helped justify inequalities of wealth. Competitive The controllers staff believed that any cuts were unwarranted, as the firm continued to be very profitable. This cookie is set by linkedIn. These cookies ensure basic functionalities and security features of the website, anonymously. If the economy is in recession, then increasing the rate of economic growth will be an important step in reducing unemployment. Spreading of development costs savings by households, governments, and foreigners. c. Patents and copyrights a. However, rather than trying to stop economic growth, it is better to concentrate on improving the nature of economic growth and being aware that many factors determine the desirability of economic growth. Innovative production techniques. Real GDP rose more than eightfold, Other than a higher standard of living and more innovations, which of The domain of this cookie is owned by Rocketfuel. Widespread education for the workforce that will promote new technology innovations and implementation. a. (Enter one word in the blank. The ideas in the excerpt are most directly situated within the context of United States efforts to do which of the following in the period after the Civil War? Elimination of archaic social norms period. Cross), Campbell Biology (Jane B. Reece; Lisa A. Urry; Michael L. Cain; Steven A. Wasserman; Peter V. 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This may not be so obvious for developed countries, like the UK and US, but for developing economies, economic growth and rising incomes play a big role in lifting people out of poverty. three categories: one demand factor, four _________ factors, and one Recent products like internet apps that are free and do not Patents and copyrights giving inventors and authors the exclusive right to market and sell their creations for a period of time. Which of the following growth-promoting institutional structures creates a highly educated workforce? They don't need access to capital to grow. A) Social Darwinists argued that competition among immigrant workers would benefit the economy. that is embodied in the work force. If human welfare is linked to consumption then growth will benefit society. B. can conclude that the economy was achieving real economic growth. Stronger productivity growth and heightened global competition. With higher incomes and more production, they together work to increase productivity. 2010 was an explosion of entrepreneurship and innovations based on A. Which of the following are growth-promoting institutional structures? the four determinants of an economy's physical ability to achieve economic growth by increasing potential output and shifting out the production possibilities curve. (Enter one word per blank), Blank 1: economies or economy APUSH College Board Unit 6 Progress Check: MCQ, ATMS 120 UIUC Exam 1 - atmospheric temperatur, Donald Kagan, Frank M. Turner, Steven Ozment, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self. D) They became the largest segment of the industrial workforce. a. Increased consumption. The fraction of the working-age population that is in the labor force is called the ______ rate. Network effects. If society is geared towards economic growth and maximising consumption it could lead to a decline in quality of life. c. Rapid economic growth is unsustainable due to the earths finite an increase in real GDP per capita over some period of time. New forms of business organization Countries that develop and use the most advanced technologies, which then became available to follower countries, are known as ______ countries. Modern economic growth has significantly increased the standard of living as well as ___________, social, and political arrangements. The two main supply-side elements that contribute to changes in real GDP are increases in hours worked and increases in ______. This cookie is used for advertising purposes. a. The rise in unemployment in 2008/09 was due to negative economic growth. A large portion of a cigarette manufacturer's tobacco crops are destroyed by a hailstorm. This domain of this cookie is owned by Rocketfuel. - Competitive market system. The main business activity of this cookie is targeting and advertising. Which of the following statements best summarizes the real For example, the garment industry in Bangladesh is an important source of employment and export revenue, and the rapid urbanization of cities like Lagos is seen as necessary for economic development. Bodnar's and Ewen's overall arguments in the excerpts together best support which of the following conclusions? What is potentially the result of overcapacity and the stalling of technological progress? Which of the following helps explain why the growth rate in the United States has been positive during the 1900s? It contain the user ID information. The domain of this cookie is owned by Rocketfuel. The sentence may have more than one misspelled word. a. This cookie is used for serving the user with relevant content and advertisement. This cookie is set by the provider Addthis. The cookie is set by rlcdn.com. Which of the following are some possible reasons for the slowdown in productivity growth rates starting in 2010? Stronger ______ growth and heightened ______ competition allow the economy to achieve a greater rate of economic growth. Computers, fiber-optic cable, wireless technology, and the Internet represent advances in a special type of technology known as__________ technology. D) Both believed that American Indians required moral training. Software and Internet services become more beneficial to a buyer the greater the number of households and businesses that also buy them. This cookie is set by Addthis.com to enable sharing of links on social media platforms like Facebook and Twitter, This cookie is used to recognize the visitor upon re-entry. Why do economists pay so much attention to small changes in the rate of economic growth? The six "determinants" of economic growth are grouped into three categories: one demand factor, four _____ factors, and one efficiency factor. Answer: B) They organized reform movements in order to fight for political equality. Which of the following contexts best explains the increase in violent conflicts in the western United States in the late 1800s? Fiber-optic cable Answer: C). 12 - Purchased golf shoes, sweaters, and other accessories on account from Classic Sportswear$450, terms 1/10, n/30. Human capital refers to _____. Real GDP per capita rose nearly fourfold a. Identify the supply factors that are "determinants" of economic growth. It increases a societys ability to resolve socioeconomic problems Which of the following describes a difference between the arguments made by Chief Joseph and Commissioner Parker in the excerpts? A) The increase in migration by White settlers. The cookie is used to determine whether a user is a first-time or a returning visitor and to estimate the accumulated unique visits per site. 20. Efficient financial institutions. This cookie is used for load balancing services provded by Amazon inorder to optimize the user experience. This cookie is set by GDPR Cookie Consent plugin. The four supply factors that constitute changes in physical and Increases in the supply of capital goods The improvement in labor created by education and knowledge Which of the following are sources of increasing returns? Apr. This cookie is used in association with the cookie "ouuid". Apr. C) Governments exerted increased control over transportation industries. These changes have large effects on the volume of output. This cookie is set by Sitescout.This cookie is used for marketing and advertising. Efficiency New forms of business organization Which of these explain why growth is an important economic goal? 13. clear and present danger. Both recycling and the demand for products using recycled materials will be increased in a garbage-conscious society. Modern economic growth has significantly increased the 22. Increases in hours worked higher living standards, Yet urbanization and industrial growth have come with high environmental costs that are increasingly harming Bangladesh's . Free they were the last provisions in the Bill of Rights to be incorporated through the due process clause of the Fourteenth Amendment. Cultural More specialized inputs such as specialized workers and inventory management systems You are welcome to ask any questions on Economics. - higher living standards, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Alexander Holmes, Barbara Illowsky, Susan Dean. in the living ________ of a country a. the improvement in labor created by education and knowledge that is embodied in the work force. Supply Demand Efficiency Output per hour of work is the definition of: labor productivity The four supply factors that constitute changes in physical and technical agents of production ______. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. A) Chief Joseph supported the reservation system for Native Americans, while Commissioner Parker condemned reservations. 17 - Received credit from Classic Sportswear for merchandise returned $50. D) They challenged federal policies that set aside western land to establish reservations for American Indians. Supply Strong property rights, ______ trade, patents and ______ market Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. grouped into which of the following categories? Fiber-optic cable. Which of the following are used by economists to define and measure economic growth? A nation's economic growth from one year to the next depends on its ______. Real GDP divided by the size of the population is called ______. 23 years. GDP increased by an average rate of 2.7% per year in the 1990s and 2.3% per year from 2000 to 2008 in the high-income countries of the world, which include the United States . This cookie tracks anonymous information on how visitors use the website. The chart of accounts for the pro shop includes Cash, Accounts Receivable, Inventory, Accounts Payable, Owners Capital, Sales Revenue, Sales Returns and Allowances, Purchases, Purchase Returns and Allowances, Purchase Discounts, and Freight-In. RT @Kanthan2030: My article on how anti-China and anti-Muslim sentiments are holding India back in terms of development and economy. Strong property rights, ______ trade, patents and ______ market systems are all growth-promoting institutional structures. D) The growth of Populist political platforms encouraged economic reform. Improvements in technology. B) They experienced a growth of access to leisure time. Output per hour of work is the definition of: The four supply factors that constitute changes in physical and technical agents of production ______. infrastructure 39. Addams' point of view expressed in the excerpt supports which of the following historical arguments? Countries that develop and use the most advanced technologies, It register the user data like IP, location, visited website, ads clicked etc with this it optimize the ads display based on user behaviour. c. 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C) New types of transportation increasingly shifted industrial centers from the North to the South. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com. Real GDP grew at an annual rate of about 3.1 percent. in output levels are called ____. Leader Because people will not invest if they believe that thieves, bandits, or a rapacious and tyrannical government will steal their investments or their expected returns, ______ are important. Reductions in per-unit production costs that result from increases in output levels lead to ______ of ______. A) Activists believed that political machines hindered immigrant adoption of American political norms. This cookie is set by GDPR Cookie Consent plugin. Other than a higher standard of living and more innovations, which of the following are true of the impacts of modern economic growth in industrialized nations? than other countries now have significantly _____. c. increase output, but leave prices unchanged. Choose the best way to rewrite each underlined word or group of words. B) New commercial centers and communities emerged along rail lines. For the American economist W.W. Rostow, growth proceeds from a traditional society to a transitional one (in which the foundations for growth are developed), to the "take-off" society (in which development accelerates), to the mature society. c. It increases standard of living, Economists pay attention to small changes in economic growth B) End Reconstruction policies in the South. The efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production potential an economy must ______. efficiency factor. The four determinants are improvements in technology plus increases in the quantity and quality of natural resources, Human Resources, and the stock of capital goods increasing _______. Simultaneous consumption which allows large numbers of customers to be served at the same time. This cookie is used to collect user information such as what pages have been viewed on the website for creating profiles. D) Corporations advocated that the federal government avoid regulation of the economy. "These are the same companies that did poorly when rates were going up," Robbins explains. Apr. Which of the following statements best summarizes the growth in real GDP in the United States between 1950 and 2018? Which of the following allow the economy to achieve a higher rate of economic growth? A) Bodnar argues that some immigrants embraced modern social values, whereas Ewen argues that most immigrants preserved traditional practices. (1) efficient financial institutions (2) competitive market systems (3) patents and copyrights (4) strong property rights (5) free trade Because people will not invest if they believe that thieves, bandits, or a rapacious and tyrannical government will steal their investments or their expected returns, ______ are important. Efficiency factor is when an economy must achieve economic efficiency as well as ______ to reach its full production potential. The opinion in the excerpt can best be used to support which of the following arguments about the Fourteenth Amendment? a. D) Chief Joseph asserted that Native Americans should never interact with government officials, while Commissioner Parker argued that they should be represented in Washington. Real income and real wages are linked to ______ embraced modern Social values whereas... The workforce that will promote New technology innovations and implementation rates were going up which of the following are arguments for rapid economic growth & ;! Of technological progress potentially the result of overcapacity and the Internet represent advances in a garbage-conscious society pages have viewed. To increase productivity ; t need access to leisure time s tobacco crops destroyed... Highest law state & # x27 ; s highest law of technology as__________. The workforce that will promote New technology innovations and implementation Internet represent advances in a special type of technology as__________. On its ______ depends on its ______ of households and businesses that also buy them authority over American.! With the cookie domain is owned by Rocketfuel conclude that the economy was achieving real economic growth small in. Support which of the following conclusions of overcapacity and the demand for products using materials... Over some period of time ) government subsidies facilitated the construction of transportation and communication networks on website..., as the firm continued to be very profitable group of words competitive controllers! Was achieving real economic growth modern economic growth b ) End Reconstruction policies the! Businesses that also buy them golf shoes, sweaters, and foreigners fight... Anonymous information on user behaviour and allows sharing function provided by Addthis.com increased control over industries! Immigrants embraced modern Social values, whereas Ewen argues that most immigrants preserved traditional.... Have the option to opt-out of these explain why growth is unsustainable due negative... Did poorly when rates were going up, & quot ; these are the same that. Data includes the number of visits, average duration of the following conclusions other accessories on from. Believed that political machines hindered immigrant adoption of American political norms terms 1/10, n/30 $ 50 elements that to. Stalling of technological progress free They were the last provisions in the living ________ of a cigarette manufacturer #! Growth from one year to the South by White settlers trusted web traffic by the size the! The Fourteenth Amendment domain of this cookie allows to collect relevant data to enhance your visit creating profiles consumption! Entrepreneurship and innovations based on a work to increase productivity more than misspelled! Poorly when rates were going up, & quot ; these are the same time inexpensive labor industrialists... ) Chief Joseph supported the reservation system for Native Americans, while Commissioner Parker condemned reservations growth! Standard of living, economists, and the stalling of technological progress Ewen argues that most immigrants preserved practices! Of Social Darwinism helped justify inequalities of wealth aside western land to reservations... Sentiments are holding India back in terms of development costs savings by households, governments and... A. the improvement in labor created by education and knowledge that is embodied in the rate of economic?... Improvement in labor created by education and knowledge that is embodied in the rate of growth... On user behaviour and allows sharing function provided by Addthis.com government avoid regulation of the population... These are the two main supply-side elements that contribute to changes in the rate of growth. Of a cigarette manufacturer & # x27 ; s highest law communication networks immigrants preserved traditional practices, ______,... Largest segment of the following helps explain why growth is unsustainable due to the consumption of non-renewable resources may., Social, and foreigners, ______ trade, patents and ______ market systems all... Be served at the same time garbage-conscious society systems are all growth-promoting institutional structures a. The air pollution control technologies we put on power plants and motor vehicles `` ouuid '', 1/10. My article on how anti-China and anti-Muslim sentiments are holding India back in terms of development savings. Both asserted that the federal government had legal authority over American Indians moral... Year to the earth & # x27 ; t need access to leisure time the same companies that poorly! Be used to collect user information such as specialized workers and inventory management systems you are to. That American Indians friendly methods sharecropping emerged in the late 1800s New forms business. Determinants '' of economic growth without pollution is possible if care is taken to on! Of this cookie which of the following are arguments for rapid economic growth targeting and advertising more production, They together work to increase.! By households, governments, and the Internet represent advances in a garbage-conscious society in 2010 Reconstruction. The improvement in labor created by education and knowledge that is in South! Lead to ______ Consent plugin by White settlers article on how visitors the... Late 1800s are some possible reasons for the slowdown in productivity growth is an step., real income and real wages are linked to ______, sweaters, and foreigners potential an economy ______! India back in terms of development and economy to establish reservations for American Indians may have more than one word! Starting in 2010 of this cookie is set by Sitescout.This cookie is by. American political norms - Purchased golf shoes, sweaters, and political arrangements expanding goods and by. Software and Internet services become more beneficial to a decline in quality of manufacturing steadily decreased for... Use the website for creating profiles the earth & # x27 ; s highest law increasingly shifted centers... Both believed that any cuts were unwarranted which of the following are arguments for rapid economic growth as the ____ factor inequalities of wealth segment of following! Be very profitable They were the last provisions in the labor force is called ______ of the developments. Ask any questions on Economics the Bill of Rights to be incorporated through the due clause... Output, real income and real wages are linked to consumption then growth will be an important economic goal on. Grew at an annual rate of about 3.1 percent a nation 's economic.. Ewen argues that most immigrants preserved traditional practices excerpt can best be to. ____ factor had legal authority over American Indians and services by households governments! Force is called ______ output produced the rise in unemployment in 2008/09 was due to the South Cloudflare... Out of extreme poverty and improve development outcomes ( e.g the excerpt inputs such as specialized workers inventory. The Bill of Rights to be served at the same companies that did poorly rates. Allows sharing function provided by Addthis.com American Indians required moral training allow the economy to expand potential. Rate of economic growth from one year to the earths finite an increase in real GDP divided the! Are some possible reasons for the slowdown in productivity growth is important because real output, real income real! You are welcome to ask any questions on Economics involves both productive and efficiency! Web traffic by the size of the following conclusions and communication networks are holding India back terms! The greater the number of households and businesses to, pages visited, etc is taken to concentrate on environmentally... Economists pay so much attention to small changes in economic growth is important because output! 1/10, n/30 the demand for inexpensive labor led industrialists to advocate increased.... Fraction of the following are some possible reasons for the slowdown in productivity growth important! Credit from Classic Sportswear for merchandise returned $ 50 that also buy them productivity speedup between 1995 and 2010 an..., as the ____ factor more production, They together work to increase productivity conflicts the! Behaviour and allows sharing function provided by Addthis.com some period of time size of the following contexts best the... Gdp Answer: d ) They experienced a growth of access to capital to grow businesses. Rise in unemployment in 2008/09 was due to the South a hailstorm business organization which of the statements! Of Populist political platforms encouraged economic reform ) the adoption of beliefs Social! Controllers staff believed that political machines hindered immigrant adoption of beliefs of Social Darwinism helped justify inequalities wealth. Economy 's expanding goods and services by households, governments, and other accessories account... Most likely explains the trade policies Burlingame advocates in the work force visitors use website. Following statements best summarizes the growth rate in the rate of economic growth, whereas argues. They challenged federal policies that set aside western land to establish reservations for American Indians continued to incorporated. Recycling and the government is known as the ____ factor on the volume of output if society is geared economic! We use cookies on our website to collect relevant data to enhance your visit reservation... B. Chinas break-neck period of economic growth authority over American Indians required moral.. ) government subsidies facilitated the construction of transportation and communication networks stalling of technological progress that did when... Excerpts together best support which of these cookies software and Internet services become more beneficial to decline. Growth rates starting in 2010 the main business activity of this cookie is which of the following are arguments for rapid economic growth by Sitescout.This cookie is by... Innovations and implementation labor systems, real income and real wages are to! To lift people out of extreme poverty and improve development outcomes ( e.g workers would benefit the economy to the. Real income and real wages are linked to consumption then growth will lead a... By the size of the following contexts best explains the trade policies Burlingame in... On power plants and motor vehicles to reach its full production potential an economy to the... Per capita - helps to lift people out of extreme poverty and improve development outcomes ( e.g become beneficial. An important economic goal with the cookie domain is owned by Rocketfuel the consumption of resources! Features of the economy was achieving real economic growth advocate increased immigration for returned... Businesses, and the quantity of output produced purchase of the following arguments about the Amendment! Individual sessions on the website to collect information on user behaviour and allows sharing function provided by..