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.Management Sciences
A. Countries all have the same growth rate and level of output because any country can obtain the same factors of production
B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time
C. Countries may have different level of GDP/person but they all grow at the same reate
D. Countries may have a different growth rate but they all have the same level of GDP/person
Related Mcqs:
- Which of the following describes an increase in technological knowledge ?
- A. A farmer sends his child to agricultural college and the child returns to work on the farm B. A farmer hires another day laborer C. A farmer buys another tractor D. A farmer discovers that it is better to plant in the spring rather than in the fall...
- Which of the following is an example of foreign portfolio investment ?
- A. Toyota builds a new plant in the north of England B. EDF of France buys shares in Scottish & Southern Energy of the UK, and Scottish & Southern Energy uses the Proceeds to build a new hydro-electric power station in Scotland C. Deutsche Bank of Germany buys some new software from UK Supplier D. … Which of the following is an example of foreign portfolio investment ?Read More...
- If Toyota builds a new plant in the north of England ?
- A. None of these answers B. There has been an increase in foreign portfolio investment in the UK C. Once the plant starts producing cars UK GDP will rise less than UK GNP D. once the plant starts producing cars UK GDP will rise more than UK GNP...
- Our standards of living is most closely related to ?
- A. how hard we work: B. our supply of capital because everything of value is produced by machinery C. our productivity because our income is equal to what we produce D. our supply of natural resources because they limit production...
- Which of the following government policies is least likely to increase likely to increase growth in Africa ?
- A. increase expenditure on public education B. eliminate civil war C. All of these answers would increase growth D. increase restrictions on the importing of American tractors and electronics...
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