Exam 7: The Wealth of Nations and Economic Growth

The most promising idea for creating a growth miracle in a country is:

There have always been some very wealthy countries,even by today's standards.

Relative to China,Argentina was _____ in 1950 and _____ in 2007.

Openness to international trade tends to promote growth because it also opens a country to new ideas and innovation.

In the context of world history,economic growth is the normal state of affairs and growth disasters rarely occur.

Piped water and flush toilets together can reduce infant mortality from diarrhea by approximately:

Communal property creates a:

If U.S.per capita GDP is $50,000 and grows at 2% per year,what will U.S.per capita GDP be in 70 years?

Someone who consumes a resource without working or contributing to the resource's upkeep is called a(n):

Which is NOT an institution that leads to sustained long-term economic growth?

China's experiment with communal farming failed because of free riding.

South Korea and North Korea differ mainly in:

The factors of production are considered ultimate causes of economic growth.

The knowledge about how the world works is called:

A business that pays for its workers to attend a technical college is increasing its:

What are the four factors of production that combine to contribute to the wealth of nations?

At an annual growth rate of 0.7%,approximately how long does it take for real GDP per capita to increase from $30,000 to $60,000 in a country?

At an annual growth rate of 2%,approximately how long does it take for real GDP per capita to increase from $30,000 to $60,000 in a country?

Which is NOT an example of physical capital?

A country increases its technological knowledge by engaging in: