When an economy makes use of existing but underutilized resources, that economy is likely to undergo growth. long-run zero intermediate-run short-run
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When an economy makes use of existing but underutilized resources, that economy is likely to undergo growth. long-run zero intermediate-run short-run
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- Long-run economic growth can occur as a result ofWhich of the following did not result in economic growth? Group of answer choices Installing a network of irrigation ditches and pumping stations in order to grow fruits and vegetables in parts of southern California. Many citizens emigrating from Zimbabwe when a politically repressive regime took office. The invention of a threshing machine for harvesting grains. Increased government funding of post-secondary education.Which factors contribute to economic growth? A decrease in the quantity of labor due to emigration. A decline in the stock of physical capital. An increase in university graduates.
- The use of knowledge to improve productivity and enhance economic growth is known as Group of answer choices accumulation of physical capital. invention. innovation. All of the aboveIdentify one developed and one developing country. Research their recent economic growth rates. Analyze differences in the countries that would help lead to different rates of economic growth. In your response, be sure to avoid analyzing short-run factors of economic performance and focus on the factors that affect long-run economic growth.Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy.
- Which of the following explains the importance of education in economic growth? Group of answer choices All the other answers investing in education strengthens human capital investing in education strengthens physical capital investing in education strengthens technologyWhich of the following countries would be more likely to experience strong economic growth, other things equal? Group of answer choices Country JKL’s government has the right to take away property from individuals to distribute to government officials as they are better suited to have successful businesses. Country ABC has an extensive set of business laws and property rights laws which promote trust in economic activity. Country DEF has common property laws and economic activity is regulated by a national council. Country GHI enforces private property rights only for some groups in society.Good 0 B .C Good X Refer to the provided graph. Which of the following movements would indicate economic growth? Multiple Choice from point B to point C from point A to point E from point A to point C from point C to point D