#1
Which of the following is NOT a factor affecting economic development?
1 answered
#2
Which economic indicator measures the total value of all goods and services produced within a country's borders in a specific time period?
1 answered
#3
Which of the following is a characteristic of a developed economy?
1 answered
#4
Which of the following is NOT considered a factor of production?
1 answered
#5
What is the term for a sustained increase in the general price level of goods and services in an economy over a period of time?
1 answered
#6
Which economic theory suggests that government intervention in the economy should be minimal?
1 answered
#7
What is the primary focus of human capital theory in economic development?
1 answered
#8
What is the term for the total value of a country's exports minus the total value of its imports?
1 answered
#9
Which economic concept refers to the ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers?
1 answered
#10
Which of the following is an example of a monetary policy tool?
1 answered
#11
According to the Solow growth model, what is the main driver of long-term economic growth?
1 answered
#12
According to the Harrod-Domar model, what is the key determinant of economic growth?
1 answered
#13
What is the term for the level of output that maximizes the use of available resources without causing inflation?
1 answered