#1
Which of the following is a characteristic of economic growth?
Increase in the production of goods and services over time
Decrease in the overall unemployment rate
Stagnation of technological advancements
Reduction in inflation rate
#2
What is the primary driver of technological advancements?
Government regulations
Consumer demand
Environmental factors
Political stability
#3
What role does human capital play in fostering economic growth through technological advancements?
Human capital has no significant impact on economic growth
Human capital is a barrier to technological progress
Human capital enhances the capacity for innovation and adoption of new technologies
Human capital slows down technological advancements
#4
Which economic indicator is commonly used to measure technological progress?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Total Factor Productivity (TFP)
Unemployment Rate
#5
What is the significance of Moore's Law in the context of technological advancements?
Moore's Law predicts the decline in technological innovation
Moore's Law suggests that the cost of technology will remain constant over time
Moore's Law states that the processing power of computers doubles approximately every two years
Moore's Law predicts the end of technological progress
#6
What is the concept of 'digital divide'?
The gap between countries with advanced technology and those without
The gap between different generations in their adoption of digital technologies
The gap between urban and rural areas in terms of access to digital technologies
The gap between individuals with high and low income levels in their access to digital technologies
#7
Which of the following best describes the concept of 'technological diffusion'?
The process by which new technologies spread from one society to another
The decline in technological innovation over time
The reduction in consumer demand for advanced technologies
The process of eliminating outdated technologies
#8
What is the Solow Residual also known as?
Total Factor Productivity (TFP)
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
#9
What is the 'productivity paradox' in relation to technological advancements?
It refers to the decline in productivity despite technological advancements
It describes the inability of technology to improve productivity
It signifies the rapid increase in productivity due to technological advancements
It denotes the confusion regarding the measurement of productivity in the digital era
#10
Which economic theory suggests that technological advancements lead to long-term economic growth?
Classical economics
Keynesian economics
Endogenous growth theory
Austrian economics
#11
What is the role of research and development (R&D) in economic growth?
R&D has no impact on economic growth
R&D leads to increased unemployment
R&D fosters innovation and drives long-term economic growth
R&D only benefits large corporations
#12
Which sector typically experiences the highest rates of technological innovation?
Agriculture
Manufacturing
Services
Transportation
#13
Which of the following is NOT a factor influencing economic growth?
Technological innovation
Political stability
Social unrest
Fiscal policy
#14
What is meant by 'creative destruction' in the context of technological advancements?
The process of creating new industries and jobs through innovation
The process of eliminating traditional industries and jobs due to innovation
The process of increasing competition among existing industries
The process of preserving traditional industries against technological disruptions
#15
Which of the following is NOT a characteristic of technological advancements in the digital age?
Rapid obsolescence of technology
Decreased connectivity and globalization
Increased automation and artificial intelligence
Greater accessibility of information
#16
What is the 'technology adoption curve' used to illustrate?
The diffusion of new technologies within a population over time
The decline in technological innovation over time
The saturation point of technological advancements
The cost of implementing new technologies
#17
What is the relationship between economic growth and income inequality?
Economic growth widens income inequality
Economic growth reduces income inequality
There is no relationship between economic growth and income inequality
Income inequality has no impact on economic growth
#18
What is meant by the term 'technological singularity'?
A hypothetical point in the future when technological growth becomes uncontrollable and irreversible
A state where technology reaches a plateau and no further advancements are possible
The point at which technological advancements slow down due to economic constraints
A term used to describe the rapid decline of technological innovation