Economic Growth Quiz 1 (25 MCQs)

Quiz Instructions:

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1. The concept of Income inequality is

2. When a country invests in education for its citizens, what is it increasing?

3. What are examples of capital goods?

4. When you think of a brain which category do you think of?

5. The workers who produce the goods and service (example-Miners, doctors and teachers)

6. What did people blame the lost decade on originally?

7. A farmer buying a tractor for his/her farm is an example of _____

8. What is the currency of the countries in the European Union?

9. What are people who risk their time and money to produce a new product or service in order top make money?

10. What are goods used to make other goods?

11. Materials found in nature such as trees, oil, minerals and water.

12. A document showing that an interest-bearing loan has been made to a bank or other financial institution

13. BREXIT is the abbreviation of _____

14. Stocks or documents that represent a claim on the income and property of the borrower

15. Macroeconomics is a study of _____ [Macroeconomics is a study of _____ ]

16. What did the government do to try and help the economy in 2013?

17. What involves the training, skills, and healthcare of a country's workers?

18. Economic growth can be measured by _____ ?

19. A literate person in a developed country is most likely to have all EXCEPT which item?

20. Which European confederation has 23 official languages in order to help its members better communicate?

21. Patents and copyrights are forms protection by the government for

22. Which of the following is NOT a Slavic language?

23. The quantity and quality of a country's factors of production

24. Resources created by people to help produce other things such as tools, machinery, and equipment. Money is one!

25. Institution that channel savings to investors, banks insurance companies, savings and loan associations, credit union