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The Industrial Revolution and modern economic growth resulted in Select one:

a. the average human lifespan more than doubling.

b. a major population shift from urban to rural areas.

c. increased production by local craftsmen. d. all of these.

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Chika Ilonah
Chika IlonahLv10
28 Sep 2019

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Related questions

Economies of scale may arise from all but one of the following, which one is it?

a) spreading the fixed-costs of administration over more customers holds average costs down.

b) doubling promotional expenses to expand sales more than proportionately.

c) government economic subsidies protect firms from competition to avoid losses.

d) having a larger retail space can expand sales more than proportionately.

*********The best answer plus points will go to the person who answers the questions correctly^^^^^ Please provide an explanation to answers..

Which one of the following statements is correct?

A. A. Most production possibilities curves illustrate decreasing marginal opportunity costs.

B. B. Relative scarcity is no longer a central idea in economics because we are in an age of abundance.

C. C. The production possibilities curve shows society's preferences for consumer goods relative to capital goods.

D. D. The central concept underlying the production possibilities curve is that of limited resources.


A government subsidy to the producers of a product:

A. A. reduces product supply.

B. B. increases product demand

C. C/ increases product supply.

D. D/ reduces product demand.


If the price of DVD players decreases, we can expect that the demand for DVDs will:

a. A. increase.

b. B. be unaffected.

c. C/ shift left.

decD. Decrease


Which of the following is assumed in constructing a typical production possibilities curve?

a. the economy is engaging in international trade.

b. production technology is fixed.

c. the economy is using its resources inefficiently.

d. resources are perfectly shiftable (equally efficient) among alternative uses.


A system of private property rights

A. A.enhances economic growth by creating incentives to the Fed to maintain stable prices.

B. B. enhances economic growth by increasing the probability that a person can gain from making investments today.

C. C. retards economic growth by serving the interests of the wealthy only.

D. D. retards economic growth by limiting the options of people who own nothing.


An increase in growth rates will cause the production possibilities curve to

a. A. shift inward.

b. B. become steeper.

c. C. become flatter.

D. d. shift outward.

If population growth is greater than the growth of real output,

A. A. real per capita Gross Domestic Product (GDP) growth will be less than the growth of real Gross Domestic Product (GDP).

B. B. the production possibilities curve is shifting to the left.

C. C. real per capita Gross Domestic Product (GDP) growth will be greater than the growth of real Gross Domestic Product (GDP).

D. D. real per capita Gross Domestic Product (GDP) and real Gross Domestic Product (GDP) will be growing at the same rate.


In general, economists have found that as nations' levels of per capita real Gross Domestic Product (GDP) increase,

A. A. the rate of population growth declines.

B. B. the rate of population growth experiences dramatic increases.

C. C. there is no effect on population growth.

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Of the following what is not an explicit function in per capita GDP

Question 16 options:

 
A)

Population
 
B)

Per person Human Capital
 
C)

Per person Technology
 
D)

Per person Physical Capital

At its best deepening physical capital will ________?

Question 18 options:

 
A)

Might replace workers in the short run
 
B)

Replace worn out machinery with new but technological enhanced machines
 
C)

Always certain to cause unemployment
 
D)

Replace worn out machinery with new but conventional machines

The event that initiated relatively rapid economic growth was _______?

Question 19 options:

 
A)

The harnessing power from fossil fuels at the start of the 18th century (Industrial Revolution)
 
B)

The fall of the aristocracy in middle of in the 18 and 19th century
 
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The invention of the incandescent light bulb allowing around the clock production.
 
D)

The rebirth of Europe from the inflow of knowledge from the Middle East (Renaissance)

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