umuc econ201 homework 2 latest 2015 december

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Question Submission View Your quiz has been submitted successfully. Chapter 7 random Question 1 1 / 1 point Which of the following factors contribute to economic growth? a) an increase in the standard of living b) a decrease in the productivity of labor c) an increase in the average wage rate paid to workers d) an increase in the proportion of the population that is college educated Question 2 1 / 1 point In the long run, the most important source of increase in a nation's standard of living is a: a) zero rate of population growth. b) high rate of economic growth. c) high rate of consumption. d) high rate of labor force growth. Question 3 1 / 1 point Some prominent members of the slow-economic growth country club include a high-income country like _________. a) Bolivia b) Somalia c) Nigeria d) Germany Question 4 1 / 1 point Which of the following is most likely to contribute to economic growth as measured by GDP per capita? a) the imposition of tariffs and quotas

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umuc econ201 homework 2 latest 2015 decemberReport this Question as InappropriateQuestionSubmission ViewYour quiz has been submitted successfully.Chapter 7 randomQuestion 1 1 / 1 pointWhich of the following factors contribute to economic growth?a) an increase in the standard of livingb) a decrease in the productivity of laborc) an increase in the average wage rate paid to workersd) an increase in the proportion of the population that is college educatedQuestion 2 1 / 1 pointIn the long run, the most important source of increase in a nation's standard of living is a:a) zero rate of population growth.b) high rate of economic growth.c) high rate of consumption.d) high rate of labor force growth.Question 3 1 / 1 pointSome prominent members of the slow-economic growth country club include a high-incomecountry like _________.a) Boliviab) Somaliac) Nigeriad) GermanyQuestion 4 1 / 1 pointWhich of the following is most likely to contribute to economic growth as measured by GDP percapita?a) the imposition of tariffs and quotas on imported goodsb) rapid population growthc) increased capital formationd) an increase in marginal tax ratesQuestion 5 1 / 1 pointTo achieve a high standard of living, a nation should:a) promote economic growth.b) increase the tax deduction for child dependents.c) increase welfare payments to the poor.d) use less capital and more labor in the production process.Question 6 1 / 1 point_____________________ is a term which

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