ECON 202 ECON202 Quiz 2 with Answers (American Public University)

ECON 202 ECON/202 ECON202 Quiz 2 (APUS)

1. Technological progress occurs when the economy gets more output
2. An increase in the capital stock will
3. Increases in net investment generally result in
4. Nations that borrow from abroad to support current consumption
5. Trade deficits always lead to future decreases in consumption if the trade deficits
6. To determine the change in the capital stock, the level of new investment must be adjusted for depreciation because some new investment
7. According to classical economists
8. Other things being equal, a decrease in an economy's exports will
9. Potential output will decrease if
10. A wage rate above what is necessary to attract a sufficient number of workers is known as a(n)