ECON 202 ECON202 Quiz 5 with Answers (American Public University)

ECON 202 ECON/202 ECON202 Quiz 5 (APUS)

1. An event that allows the economy to operate more efficiently by producing more outputs without using any more inputs is referred to as
2. All of the following can cause technological progress EXCEPT
3. It is possible for an economy to become more productive and per-capita output to increase if
4. Knowledge and skills are part of ________ in an economy
5. Economic growth is severely impeded in economies
6. Monopoly profits lead to technological process by
7. What is the only thing that makes an economy grow in the long run?
8. Economists suggest that trade's main advantage is allowing the world to achieve
9. Among the institutional structures that promote economic growth, most economists would include
10. If an economy's production possibilities curve has shifted out, we can unambiguously conclude that: