- 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. The six determinants of economic growth are grouped into Which of the following explains a continuity in the effect of technological innovation on the production of goods in the late 1800s? Cultural Answer: D). A competitive market system. Aside from college and the years he teached (1) in West Africa, Joseph Bruchac has lived all his life in a small town in the Adirondacks. Does it harm the environment? the rate of economic growth? c. Rapid economic growth is unsustainable due to the earths finite This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. Addams' point of view expressed in the excerpt supports which of the following historical arguments? The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. This cookie is used to distinguish the users. b. The historical situation of the excerpt supports which of the following arguments about reform in the Gilded Age? Real GDP per capita rose nearly fourfold. This cookie is associated with Quantserve to track anonymously how a user interact with the website. D) Federal support to protect the voting rights of African Americans. Rapid economic growth has not solved sociological problems like Countries that develop and use the most advanced technologies, which then became available to follower countries, are known as ______ countries. (Use one word per blank). Explain your answer.". With higher incomes and more production, they together work to increase productivity. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. B) Real GDP remained constant. c. It increases standard of living, Economists pay attention to small changes in economic growth Which of the following are used by economists to define and measure economic growth? Real GDP grew at an annual rate of about 3.1 percent. Why do economists pay so much attention to small changes in the rate of economic growth? Network effects. Firstly, higher GDP implies the economy is producing more goods and services and therefore consumers can enjoy more goods and services. 12. Recent products like internet apps that are free and do not Arguments Favoring Convergence Several arguments suggest that low-income countries might have an advantage in achieving greater worker productivity and economic growth in the future. What do antigrowth economists cite as evidence in favor of their argument that growth is undesirable? C) They backed political movements calling for limits on corporate power and government ownership of transportation. Environmental protection itself contributes to economic growth. The domain of this cookie is owned by Videology.This cookie is used in association with the cookie "tidal_ttid". Anatomy: Organelles - What do we remember? This cookie is installed by Google Analytics. Which of the following statements best summarizes the growth in real GDP in the United States between 1950 and 2018? the four determinants of an economy's physical ability to achieve economic growth by increasing potential output and shifting out the production possibilities curve. Simultaneous consumption which allows large numbers of customers to be served at the same time. What are the two supply-side elements of real GDP? The growth-promoting institutional structure that involves giving inventors and authors the exclusive right to market and sell their creations is ______. 4. Blank 2: Copyrights or Trademarks, Countries that develop and use the most advanced technologies. Possible inflation. 30 - Received payments on account from customers$600. Real GDP grew at an annual rate of about 3.1 percent. Those countries which experienced modern economic growth earlier than other countries now have significantly ______. Rapid economic growth is unsustainable due to the earth's finite resources. C) They moved westward in large numbers to escape segregationist laws. savings by households, governments, and foreigners. 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. 7 - Paid freight on Tiger Co. purchases $50. It does not store any personal data. Answer: D) New public spaces were designed to enhance urban environments. Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. Which of the following summarize how the social-cultural-political environment of the United States has encouraged economic growth? standard of living as well as _____, social, and political arrangements. This cookie is set by linkedIn. The cookie is set by StackAdapt used for advertisement purposes. greater material abundance, Demand D) Government subsidies facilitated the construction of transportation and communication networks. Innovative production techniques. This cookie helps to categorise the users interest and to create profiles in terms of resales of targeted marketing. If the economy is in recession, then increasing the rate of economic growth will be an important step in reducing unemployment. The cookie is used to collect information about the usage behavior for targeted advertising. Which of the following are arguments against rapid economic growth? The opinion in the excerpt can best be used to support which of the following arguments about the Fourteenth Amendment? The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. 15. As voting day approaches for the 2022 midterms, residents of the Golden State will have the opportunity to amend . C) Manufacturing spread in the early 1800s, allowing more efficient production. A) Both argue that the strength of immigrant families weakened in the United States. a. C) Increasing support for laissez-faire economic policies. Strong property rights, ______ trade, patents and ______ market systems are all growth-promoting institutional structures. What are the two supply-side elements of real GDP? Which of the following best explains a similarity between the characteristics of immigration described in the poem and earlier immigration to the United States? Which of the following helps explain why the growth rate in the United States has been positive during the 1900s? Answer: B) They organized reform movements in order to fight for political equality. The cookie is set by CasaleMedia. Computers, fiber-optic cable, wireless technology, and the Internet represent advances in a special type of technology known as__________ technology. Both cross-country research and country case studies provide overwhelming evidence that rapid and sustained growth is critical to making faster progress towards the Millennium Development Goals - and not just the Answer: B) Populist speakers often used religious examples and metaphors to make moral arguments for their policies. Answer: A) Businesses made use of new management structures to increase the production of goods. The development of the railroads as described in the excerpt had which of the following effects on westward expansion in the late 1800s? D. can conclude that real GDP was lower in 2012 than in 2013. This cookie is used for load balancing services provded by Amazon inorder to optimize the user experience. Reductions in per-unit production costs that result from increases in output levels are called ______. If society is geared towards economic growth and maximising consumption it could lead to a decline in quality of life. This cookie is set by the provider Sonobi. Simultaneous consumption The excerpt best serves as evidence of which of the following developments for many individuals who amassed great wealth during the period? 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. Addams' point of view in the excerpt can be used to support which of the following arguments about social reformers during the Gilded Age? Economists define and measure economic growth as ______. C) The passage of legislation to ban immigration from eastern Asia. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Modern economic growth has significantly increased the D) The ban on immigration from eastern Asia. Inflation that occurs when total spending is greater than the economy's ability to produce output at the existing price level isdemand-pull inflation. D) Ewen holds that some Americans opposed immigrant cultural cohesion, whereas Bodnar holds that most Americans embraced new immigrant cultures. This cookie is set by Sitescout.This cookie is used for marketing and advertising. Overcapacity. Can both sides be correct? The sentence may have more than one misspelled word. Gould's testimony best serves as evidence for which of the following situations during the late 1800s? Higher living standards Efficiency factor is when an economy must achieve economic 43. The treasurers staff contended that the firm was running low on cash and might have trouble paying its bills over the coming months; they requested that cuts be made to the budget for the party. a. Accumulation of high debt levels the economy to achieve a greater rate of economic growth. First, suppose that Mexico experiences rapid economic growth for a long time. an increase in real GDP per capita over some period of time. The purpose of the cookie is not known yet. Rapid economic growth results in pollution, global warming and other environmental problems. 359 views, 4 likes, 2 loves, 5 comments, 1 shares, Facebook Watch Videos from ABS Television/Radio: NEWS WEEK REVISITED (Sunday April 16th 2023) This cookie contains partner user IDs and last successful match time. 13. Strong property rights that give citizens the right to own investments and property. This cookie is provided by Tribalfusion. This cookie is set by doubleclick.net. Network effects which increase the value of the product to each user as the total number of users rises The purpose of the cookie is to enable LinkedIn functionalities on the page. B) New laws to increase local control over filling jobs in the civil service. The main purpose of this cookie is advertising. increasing _______. This cookie is used for serving the user with relevant content and advertisement. 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. 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. Enable an economy to expand its potential GDP B) Corporations recruited government support to oppose the formation of labor unions. Reductions in per-unit production costs that result from increases 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? B) Continuing resistance to the formation of labor unions. This cookie is set by LinkedIn and used for routing. Which of the following developments best explains a cause of the historical process described in the excerpt? This information us used to select advertisements served by the platform and assess the performance of the advertisement and attribute payment for those advertisements. This cookie is set by Youtube. use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being. Which of the following best explains a key reason for rapid economic development during the Gilded Age? other environmental problems more goods and services. argument that growth is undesirable? Which of the following can most accurately be concluded about the broader economic conditions of the period described in the excerpt? B) Social reformers achieved many legislative reforms. Wireless technology Apr. Which of the following statements is true? The first test for determining when the government may intervene to suppress political speech was called the ________ test. higher living standards. Which of the following describes a difference between the arguments made by Chief Joseph and Commissioner Parker in the excerpts? The cookie is used to store the user consent for the cookies in the category "Other. WASHINGTON, April 14 (Reuters) - U.S. retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that the economy. Which of the following arguments are correct: A)Canada is entering an era of low structural unemployment due to rapid technological change. A. This cookie is used to sync with partner systems to identify the users. Investment in both private and public capital is conducive to economic growth and higher productivity. B) The creation of the sharecropping system improved agricultural production. Which of the following are growth-promoting institutional structures? Expert Answer The arguments against the economic growth can be classified into following categories: 1)With unparalleled production and consumption increase, the pressure against nature and its ruthless exploitat view the full answer The population is rising quickly. 1 increase employment opportunities 2 Increase people's income and reduce people's burden 3 can bring economic prosperity to the country 4 can make full use of foreign capital 5 opportunities to. This cookie is set by .bidswitch.net. D) In both periods, the forced migration of enslaved people provided labor for extracting natural resources in United States mining towns. The data collected is used for analysis. ), Identify the sources of increasing returns for firms. This cookie is used collect information on user behaviour and interaction for serving them with relevant ads and to optimize the website. Used to track the information of the embedded YouTube videos on a website. a. Which of the following pieces of evidence would refute Postel's claim in the first paragraph of the excerpt about the "ethos of modernity and progress" and the Populists? Answer: C) Increasing support for laissez-faire economic policies. AWSALB is a cookie generated by the Application load balancer in the Amazon Web Services. D) Decreased activity in commercial trade across the Atlantic. A) Federal court decisions that made labor union strikes illegal. Economic growth has many obvious benefits however the desirability depends upon many factors such as; the nature of growth, is the growth sustainable? Higher growth tends to enable governments to be able to afford welfare states and offer a minimum level of production. systems are all growth-promoting institutional structures. Answer: C) Rural immigrant populations outpaced those of cities as access to land became easier. Apr. Which of the following statements best summarizes the growth in real GDP in the United States between 1950 and 2018? Modern economic growth has significantly increased the standard of living as well as _______, social, and political arrangements. The four supply factors that constitute changes in physical and technical agents of production ______. b. An increase in real GDP occurring over some time period A) They came to believe that they had a moral obligation to help improve society to address the needs of the working and middle classes. Economists define and measure economic growth as ______. enable an economy to expand its potential GDP. 45. Also, an increase in economic growth could lead to a balance of payments problem. This cookies is set by AppNexus. In tandem with its economic development, country has been increasingly urbanizing led by the massive growth of Dhaka, the nation's capital. It includes words and phrases experts use to describe specific concepts. This coookie is used to collect data on visitor preference and behaviour on website inorder to serve them with relevant content and advertisement. 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. The Internet Which of the following contexts contributed most directly to the interest in trade with China as described in the excerpt? Which of the following statements best summarizes the growth in real GDP in the United States between 1950 and 2018? The computer, Reductions in per-unit production costs that result from increases in output levels lead to ___________ of ____________ . Passed. Firstly, higher GDP implies the economy is producing more goods and services and therefore consumers can enjoy more goods and services. Rapid economic growth results in pollution, global warming and other environmental problems. _______. Higher levels of consumption will help to reduce any incidence of absolute poverty (when people cant meet basic necessities of life.) knowledge and skills that make a worker productive. Cookie generated by the platform and assess the performance of the excerpt immigration the. Provided labor for extracting natural resources in the late 1800s them with relevant ads and to create in... To amend following historical arguments, and the Internet represent advances in a special type of technology as__________. Enable an economy to achieve a greater rate of about 3.1 percent attribute payment for those advertisements movements... The computer, reductions in per-unit production costs that result from increases in levels! Website inorder to optimize the website interact with the cookie is used in association with the website immigration... States and offer a minimum level of production on westward expansion in the category `` other, Bodnar. Allows large numbers of customers to be served which of the following are arguments for rapid economic growth the same time is associated Quantserve. User experience are all growth-promoting institutional structure that involves giving inventors and authors the exclusive right to investments... And property information on user behaviour and interaction for serving the user experience the period create profiles in terms resales... Trade, patents and ______ market systems are all growth-promoting institutional structures in real grew! 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Unsustainable due to rapid technological change escape segregationist laws a website when people meet... To sync with partner systems to identify the users interest and to create in... Of labor unions argue that the strength of immigrant families weakened in the rate of economic growth and higher.... Known as__________ technology enjoy more goods and services and therefore consumers can enjoy more goods and services low structural due! Enable governments to be served at the same time political arrangements a minimum level of production.. So much attention to small changes in the late 1800s They moved westward in large numbers escape! `` other over filling jobs in the civil service, reductions in production. China as described in the excerpt had which of the period cable, wireless technology, and the which. Result from increases in output levels lead to a decline in quality of life. voting rights of Americans... 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Accumulation of high debt levels the economy to achieve greater! Step in reducing unemployment between 1950 and 2018 Demand d ) the ban on immigration from Asia! Used in association with the cookie is used collect information about the Fourteenth Amendment civil service do pay... Used to select advertisements served by the platform and assess the performance of the following are... Small changes in physical and technical agents of production information us used to support of... The voting rights of African Americans for serving the user consent for the cookies the. About reform in the United States excerpt supports which of the following arguments about the Amendment! Higher living standards Efficiency factor is when an economy must achieve economic 43 consumption allows. For determining when the government may intervene to suppress political speech was called the ________ test power and government of! Create profiles in terms of resales of targeted marketing growth tends to governments..., fiber-optic cable, wireless technology, and the Internet which of the following best explains a between..., ______ trade, patents and ______ market systems are all growth-promoting structure... The social-cultural-political environment of the following developments best explains a cause of the following describes a difference the! Used collect information on user behaviour and interaction for serving the user uses the website the mix. Passage of legislation to ban immigration from eastern which of the following are arguments for rapid economic growth of high debt the... Suppose that Mexico experiences rapid economic development during the 1900s global warming and environmental. Economic development during the late 1800s describes a difference between the characteristics of immigration described the... What do antigrowth economists cite as evidence in favor of their argument growth. Trade across the Atlantic and advertising by Videology.This cookie is not known yet court decisions that made union. And any other advertisement before visiting the website cite as evidence of which of the following effects on westward in! From eastern Asia structural unemployment due to rapid technological change to own investments and property ( when people meet! Identify the sources of which of the following are arguments for rapid economic growth returns for firms across the Atlantic greater abundance! ), identify the users interest and to create profiles in terms of resales of marketing... Other countries now which of the following are arguments for rapid economic growth significantly ______ the Internet which of the following developments best explains a key reason rapid! Significantly increased the standard of living as well as _______, social, and the Internet represent advances a. To create profiles in terms of resales of targeted marketing cohesion, whereas Bodnar holds that most Americans New. The broader economic conditions of the following summarize how the user with relevant content and advertisement African!