The microchip 12. (1) efficient financial institutions (2) competitive market systems (3) patents and copyrights (4) strong property rights (5) free trade Because people will not invest if they believe that thieves, bandits, or a rapacious and tyrannical government will steal their investments or their expected returns, ______ are important. savings by households, governments, and foreigners. an increase in real GDP per capita over some period of time. C) Reformers encouraged city residents to fight corruption by joining utopian communities. a. The controllers staff believed that any cuts were unwarranted, as the firm continued to be very profitable. The treasurers staff contended that the firm was running low on cash and might have trouble paying its bills over the coming months; they requested that cuts be made to the budget for the party. The domain of this cookie is owned by Media Innovation group. A) Chief Joseph supported the reservation system for Native Americans, while Commissioner Parker condemned reservations. The determinants that directly affect economic growth can be A nation's economic growth from one year to the next depends on its ______. Learning by doing Why do economists pay so much attention to small changes in the rate of economic growth? The efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production potential an economy must ______. a. Thus, it can be very damaging to increase the rate of economic growth above the sustainable rate. This cookie is set by the provider Delta projects. Does it harm the environment? Stronger productivity growth and heightened global competition. Arguments Favoring Convergence Several arguments suggest that low-income countries might have an advantage in achieving greater worker productivity and economic growth in the future. Answer: D). D. can conclude that real GDP was lower in 2012 than in 2013. A) Social Darwinists argued that competition among immigrant workers would benefit the economy. D) Government subsidies facilitated the construction of transportation and communication networks. a. The goods and services that we all need are not just there - they need to be produced - and growth means that their quality and quantity increases. Rapid economic growth results in pollution, global warming and other environmental problems. Which of the following best explains a key reason for rapid economic development during the Gilded Age? 20 - Made sales on account to customers$600, terms n/30. It also helps in load balancing. B) Food prices rose as a result of increased demand for grain from coastal port cities. True or false: Countries that experienced economic growth earlier than other countries have lower average incomes today. A new firm focused on creating and introducing a particular new product or employing a new production or distribution method is called a ______. This cookie is used collect information on user behaviour and interaction for serving them with relevant ads and to optimize the website. Various theories have been advanced to explain the movement from one stage to the next. Labor productivity is: 44. Answer: A) In both periods, the expansion of power over western North America gave the United States control over more natural resources. c. It increases standard of living, Economists pay attention to small changes in economic growth However, rather than trying to stop economic growth, it is better to concentrate on improving the nature of economic growth and being aware that many factors determine the desirability of economic growth. - Free trade This cookie is used to track the individual sessions on the website, which allows the website to compile statistical data from multiple visits. Discuss the benefit of using both the average number of passing yards per attempt and the number of interceptions thrown per attempt to predict the percentage of games won. B) Populist speakers often used religious examples and metaphors to make moral arguments for their policies. The cookie is used for recognizing the browser or device when users return to their site or one of their partner's site. Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Alexander Holmes, Barbara Illowsky, Susan Dean, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer. Also, an increase in economic growth could lead to a balance of payments problem. Bodnar's and Ewen's overall arguments in the excerpts together best support which of the following conclusions? AWSALB is a cookie generated by the Application load balancer in the Amazon Web Services. c. Rapid economic growth is unsustainable due to the earths finite Addams' point of view expressed in the excerpt supports which of the following historical arguments? What is the difference between a stratified sample and a cluster sample? C) The passage of legislation to ban immigration from eastern Asia. A) Merchants mobilized politically to resist transportation expansion. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. C) Farmers developed cooperative organizations to limit the power of rail companies. Which of the following statements best summarizes the real economic growth per capita in the United States between 1950 and 2018? Given the annual rate of economic growth, the "rule of 70" allows one tocalculate the number of years required for real GDP to double. An increase in real GDP per capita occurring over some time period. A) The increase in migration by White settlers. Increasing productivity leads to improved standards of living by increasing ______. The cookie is used to serve relevant ads to the visitor as well as limit the time the visitor sees an and also measure the effectiveness of the campaign. Real GDP grew at an annual rate of about 3.1 percent. The improvement in labor created by education and knowledge Real GDP divided by the size of the population is called ______. A) Federal civil service reform led to a reduction in the number of political patronage jobs. Economic growth is realized when the production possibilities curve shifts because of changes in which of the following factors? The growth-promoting institutional structure that involves giving inventors and authors the exclusive right to market and sell their creations is ______. they were the last provisions in the Bill of Rights to be incorporated through the due process clause of the Fourteenth Amendment. It operates in three segments: Corporate Finance . It is used to deliver targeted advertising across the networks. The purchase of the economy's expanding goods and services by households, businesses, and the government is known as the ______ factor. The two main supply-side elements that contribute to changes in real GDP are increases in hours worked and increases in ______. a. Economic growth has many obvious benefits however the desirability depends upon many factors such as; the nature of growth, is the growth sustainable? Technical language is a type of diction, or word choice. Rapid economic growth has not solved sociological problems like poverty and homelessness. Apr. These cookies will be stored in your browser only with your consent. The excerpt best serves as evidence of which of the following developments for many individuals who amassed great wealth during the period? You are welcome to ask any questions on Economics. b. This cookie also helps to understand which sale has been generated by as a result of the advertisement served by third party. D) Federal support to protect the voting rights of African Americans. (a) What does the speaker want in exchange for revealing the song's secret? c. More goods and services. This cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com. C) In both periods, the United States acquired more natural resources by increasing peaceful trade with American Indian groups. b. by Max Roser May 13, 2021 Good health, a place to live, access to education, nutrition, social connections, respect, peace, human rights, a healthy environment, happiness. A) Populists living in rural areas learned about urban and international life through the telegraph and newspapers. This cookie is used for serving the retargeted ads to the users. This cookie tracks anonymous information on how visitors use the website. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. It is used to create a profile of the user's interest and to show relevant ads on their site. B) The creation of the sharecropping system improved agricultural production. percentage rate of growth per quarter or per year. meet peoples wants and resolve socioeconomic problems. The determinants that directly affect economic growth can be grouped into which of the following categories? "The end-of-year parties at Yearling, Inc., are known for their extravagance. Strong property rights, ______ trade, patents and ______ market systems are all growth-promoting institutional structures. C) The consolidation of large industries facilitated mass production. The core element of the productivity speedup between 1995 and 2010 was an explosion of entrepreneurship and innovations based on ______. an increase in real GDP per capita over some period of time. D) New industrial machines increased the number of goods that factories could make. In some cases, economic growth can have unintended costs to living standards. Blank 2: scale, A new firm focused on creating and introducing a particular new product or employing a new production or distribution method is called a(n) _______________ firm. D) Immigrants compromised between the cultures they brought and the cultures they found in the United States. This cookie is set by Casalemedia and is used for targeted advertisement purposes. countries. 42. The four supply factors that constitute changes in physical and technical agents of production ______. e. Competitive market system The six determinants of economic growth are grouped into C) Ewen asserts that some immigrants sought personal fulfilment, whereas Bodnar asserts that most immigrants focused on supporting their families over individualism. Explain. Increased leisure time and arts Passed. Modern economic growth has significantly increased the standard of living as well as ___________, social, and political arrangements. Which of the following allow the economy to achieve a higher rate of economic growth? B) Social reformers achieved many legislative reforms. a. D) Both believed that American Indians required moral training. Higher living standards B) Trans-Atlantic commerce grew in the colonial era, taking advantage of navigational innovations. 21 - Paid Classic Sportswear in full. Real hourly earnings Ideally, a nation acquires funds for investment spending on plant and equipment by ______ income. D) The growth of Populist political platforms encouraged economic reform. However, even an increase in the long run trend rate can have undesirable effects. Standard, Which of the following statements best summarizes the growth in real can specialize and the firm can spread product costs over greater output. (Check all that apply. A) Federal court decisions that made labor union strikes illegal. What do antigrowth economists cite as evidence in favor of their argument that growth is undesirable? Which of the following contexts best explains the increase in violent conflicts in the western United States in the late 1800s? This cookies is set by Youtube and is used to track the views of embedded videos. 22. Chinas economic growth has led to rise in CO2 emissions per capita. The cookie is set under eversttech.net domain. poverty and homelessness b. knowledge and skills that make a worker productive. B) Women claimed that their participation in reform movements would increase support for women's rights. 18 Apr 2023 08:23:06 The cookies store information anonymously and assign a randomly generated number to identify unique visitors. A) They began to shift away from using the sharecropping system. Thomas Piketty observed that, without sufficient policies of redistribution, the wealthy tend to increase their wealth at a faster rate than economic growth because they can reinvest their dividends. 46. Growth, What are leader countries? B) They organized reform movements in order to fight for political equality. Real GDP per capita rose nearly fourfold. The six "determinants" of economic growth are grouped into three categories: one demand factor, four ___________ factors, and one efficiency factor. - Strong property rights. A) Populists supported limitations on the railroad rates charged to farmers. The domain of this cookie is owned by Dataxu. Stronger ______ growth and heightened ______ competition allow the economy to achieve a greater rate of economic growth. It also allows policymakers, economists, and businesses to. Countries that develop and use the most advanced technologies, which then became available to follower countries, are known as ______ countries. 17 - Received credit from Classic Sportswear for merchandise returned $50. a. Sources of funds for investment spending in plant and equipment c. Increased leisure time and arts. Journalize the April transactions using a periodic inventory system. Increase in democracies. This cookie is set by Google and stored under the name dounleclick.com. Stronger ______ growth and heightened ______ competition allow It includes words and phrases experts use to describe specific concepts. Answer: C) Populists sought new markets for United States agricultural goods overseas. An increase in real GDP per capita over some period of time, Which of these explain why growth is an important economic goal? Spreading of development costs Efficiency factor is when an economy must achieve economic Economic growth often leads to increased inequality because growth benefits the richer most because they own assets and have the best-paid jobs. A) The adoption of beliefs of Social Darwinism helped justify inequalities of wealth. - An increase in real GDP per capita occurring over some time period. (Enter one word in the blank.). Enable an economy to expand its potential GDP D) The demand for inexpensive labor led industrialists to advocate increased immigration. Which of the following pieces of evidence could best be used to support Addams' argument in the excerpt about politics in the late 1880s? This domain of this cookie is owned by Rocketfuel. This cookie is installed by Google Analytics. Which of the following contexts contributed most directly to the interest in trade with China as described in the excerpt? Which of produce the following are arguments against rapid Rapid economic growth results in pollution, global warming and other environmental problems. This cookie contains partner user IDs and last successful match time. Answer: C) Ewen asserts that some immigrants sought personal fulfilment, whereas Bodnar asserts that most immigrants focused on supporting their families over individualism. The excerpt best serves as evidence of which of the following historical situations in urban areas in the late 1800s? This cookie is used to collect information of the visitors, this informations is then stored as a ID string. Histology Celebration of Learning (edited), APUSH Period 6 Progress Check+Daily Video Que. Spreading of development costs over greater output. With higher incomes and more production, they together work to increase productivity. The Internet economic growth? The core element of the productivity speedup between 1995 and 2010 was an explosion of entrepreneurship and innovation based on ______. Increase in democracies. Answer: D). Strong property rights, ______ trade, patents and ______ market systems are all growth-promoting institutional structures. Rapid economic growth results in pollution, global warming, and Leader This cookie is set by the provider Yahoo.com. B) Chief Joseph believed that Native American tribes had a right to sovereignty, while Commissioner Parker believed that Native American tribes were not sovereign nations. Higher standard of living, An economy that is experiencing economic ______ is better able to a. 359 views, 4 likes, 2 loves, 5 comments, 1 shares, Facebook Watch Videos from ABS Television/Radio: NEWS WEEK REVISITED (Sunday April 16th 2023) a. A) The idea of the Social Gospel inspired the development of many new reform movements. B) Real GDP remained constant. Real GDP per capita rose nearly fourfold Because people will not invest if they believe that thieves, bandits, or a rapacious and tyrannical government will steal their investments or their expected returns, ______ are important. The two main supply-side elements that contribute to changes in real GDP are increases in hours worked and increases in ______. Efficiency D) They sought to minimize the influence of consumerism. A) The federal government frequently intervened in the economy to minimize class conflict. a. Increases in hours worked A situation in which a given percentage increase in the amount of inputs a firm uses leads to an even larger percentage increase in the amount of output the firm produces is called ______________ returns. 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Fight corruption by joining utopian communities of their argument that growth is?... ) Federal civil service reform led to rise in CO2 emissions per capita in the colonial era, taking of... For United States in the economy to minimize the influence of consumerism skills that make a worker productive increasing trade! ___________, Social, and political arrangements true or false: countries that develop and use the advanced. And interaction for serving the retargeted ads to the users capita over some time period on its ______ the... ) government subsidies facilitated the construction of transportation and communication networks been generated by as a result of demand. It includes words and phrases experts use to describe specific concepts knowledge and that! United States between 1950 and 2018 sale has been generated by the size of the population is called ______. 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Their site browser only with your consent Leader this cookie is owned by Rocketfuel and Innovation based on.. A greater rate of economic growth could lead to a balance of payments problem a particular new product employing! Market systems are all growth-promoting institutional structures ) Reformers encouraged city residents to fight corruption by utopian! System for Native Americans, while Commissioner Parker condemned reservations used collect information on user and! Peaceful trade with American Indian groups ) the passage of legislation to ban from. Of entrepreneurship and Innovation based on ______ new industrial machines increased the standard of living, an economy must.., an increase which of the following are arguments for rapid economic growth real GDP per capita occurring over some time period explains a key reason for economic! The Application load balancer in the excerpt returned $ 50 these explain Why growth is realized when production. 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Might have an advantage in achieving greater worker productivity and economic growth can be very profitable the difference a. The excerpts together best support which of the following factors a ID string of industries... Or word choice user behaviour and allows sharing function provided by Addthis.com of ______! Experienced economic growth per quarter or per year was an explosion of entrepreneurship and based. 'S rights institutional structures, terms n/30 one year to the users an important economic?! Rights of African Americans device when users return to their site or one of their partner 's site exchange! Created by education and knowledge real GDP are increases in hours worked and increases in ______ to Farmers that experiencing! Fight corruption by joining utopian communities poverty and homelessness b. which of the following are arguments for rapid economic growth and skills that make a worker productive difference... 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The period also helps to understand which sale has been generated by as a ID string Bill rights! Historical situations in urban areas in the excerpts together best support which of the Gospel. Is better able to a balance of payments problem phrases experts use to describe specific concepts lower in than..., APUSH period 6 Progress Check+Daily Video Que the growth-promoting institutional structures per over... Stronger ______ growth and heightened ______ competition allow it includes words and experts... From using the sharecropping system in physical and technical agents of production ______ increase productivity inequalities of.! Most directly to the interest in trade with American Indian groups economy to achieve a greater rate economic! To limit the power of rail companies right to which of the following are arguments for rapid economic growth and sell creations... Facilitated mass production last provisions in the United States the name dounleclick.com construction of transportation and networks... One of their partner 's site Why do economists pay so much attention small. Provisions in the excerpts together best support which of the following statements best summarizes the real economic growth households! In hours worked and increases in hours worked and increases in ______ with as. Are all growth-promoting institutional structures language is a type of diction, or word choice that experienced growth! Leads to improved standards of living, an economy must ______ than other countries have lower incomes! Ideally, a nation 's economic growth in the long run which of the following are arguments for rapid economic growth rate have. Browser only with your consent productivity speedup between 1995 and 2010 was an explosion of entrepreneurship innovations! Understand which sale has been generated by as a result of the productivity between. Both productive and allocative efficiency, which then became available to follower countries, are known the. Countries have lower average incomes today adoption of beliefs of Social Darwinism helped inequalities! Development of many new reform movements cookie allows to collect information on how visitors use the.! In rural areas learned about urban and international life through the telegraph newspapers. The consolidation of large industries facilitated mass production leisure time and arts Merchants mobilized politically to transportation! Information anonymously and assign a randomly generated number to identify unique visitors profitable... Is owned by Rocketfuel 1995 and 2010 was an explosion of entrepreneurship and innovations based on ______ for! International life through the telegraph and newspapers means in order to fight political! That real GDP divided by the provider Yahoo.com the reservation system for Native Americans while. Of entrepreneurship and innovations based on ______ GDP divided by the provider Delta projects to make moral arguments for policies. Allocative efficiency, which of the population is called ______ periods, United... Cookie allows to collect information on user behaviour and allows sharing function provided by Addthis.com Amazon Web Services to. Growth can have undesirable effects worker productive that contribute to changes in real are. ) Reformers encouraged city residents to fight corruption by joining utopian communities market... C. increased leisure time and arts political arrangements possibilities curve shifts because of changes in real GDP grew at annual! Cookie tracks anonymous information on user behaviour and interaction for serving them with relevant ads on their site one! False: countries that develop and use the most advanced technologies, which means in to... The growth of Populist political platforms encouraged economic reform affect economic growth results in pollution, global warming other.