economic development questions and answers

Why don't we have an economic theory for productivity growth? d. an increase in nominal wages. According to Maynard Keynes, the long-term stagnation of living standard prior to the first industrial revolution was due to two reasons: (choose all that apply) a. Which view is most persuasive? C. taxing firms that waste resources. Which of the following will promote economic growth? The EDB helps investors in the following type of applications. What is the role of Scientific and Technological Research in our Economic Development Process? If you need more job interview materials, you can reference them at the end of this post. Making a great Resume: Get the basics right, Have you ever lie on your resume? Which group of countries experienced growth rates of less than 1% from 1950 to 2008? An increase in the unemployment rate C. An increase in the size of the labor force D. A decrease in... Economic growth is: A. measured by the number of businesses in the economy. True or False: The amount of change from one year to the next in GDP indicates how much that country's economy is growing. Describe the U.S. economic performance during the past ten years. a. You know, the economic development issues in Mozambique could be quite different from what perplexes community leaders in Los Angeles. Describe the various components of fluctuations in economic activity over time. Compulsory education. Provide an example, considering the current challenges facing Russia in terms of economic growth. What is the Australian gross domestic product? Where Can I Find The Details Of Suitable Land Parcels For Setting Up An Industry? What is the meaning of 10% economic growth? B. regulating industry. A. b. skill complementarities. Explain. a) Limiting growth will contribute to more income equality across nations. A country has a production function of the form Y=120 root K, a saving rate of S 0.03, and a depreciation rate of 0.12. These include the depreciating rupee, rising NPAs, a high trade deficit, and retail... How correlated is economic growth with economic freedom? What Should I Do To Protect Myself? b) substantial inflation in domestic economies. Which of the following are true of technology as a determinant of economic growth? b. Not a single year under Obama was the economic growth rate above 3%. It liaisons with relevant departments, agencies and bodies in the centre and state for all matters relevant to the investor right from expediting approvals, securing infrastructural facilities like land, factory visits, power, water and telecommunication. Collectively, these questions highlight a critical need for a deeper reflection on paradigms underpinning international development practices, the long‐debated reform of global institutions and the significance of contemporary economic and political scenarios for the development agenda. Calvert, Texas, U.S. at dawn. No effect on the Sol... Modern economic theory points to three sources of economic growth. Imposing tariffs to protect domestic industries from foreign competition. Provide evidence on the impact of unchecked economic growth model on human health. 1. When looking at economic growth, one will find that it does not focus on the environment. How does Japan manage to have both advanced technology and low economic growth? The NCERT Solutions for Class 10 Economics Chapter 1 – Development contains the answers to the exercises given at the end of the book of Chapter 1. Consider an imaginary economy that has been growing at a rate of 4% per year. Question 5. c. shrinking. A. Access the answers to hundreds of Economic development questions that are explained in … Economic Development Interview Questions and Answers. Then as the savings rate increased in A, what would happen to the ratio of income of country A to that of country B? The forest sector includes all economic activities that depend on the production of goods and services from forests. Why do people still think he was a good president? The human needs approach defines economic development as: A. the reduction of poverty, unemployment, and income distribution inequality. b. a decrease in income taxes. Question 19. Most of the wood delivered to mills is used in making products, but there is usually some amount that does not make its way into the final product. For more details on the Economic Development Interview Questions and Answers, Economic Development jobs feel free to visit our jobs site. How is economic growth measured in South Africa? Top 10 facts why you need a cover letter? In the Romer model, the more labor you dedicate to generating ideas, the slower you accumulate knowledge, but at a loss to current output in the consumption sector. Be specific and explain. d. All of the above. What is the meaning of W_1, W_2, and W_3 in the graph? Given an example of each. Economic Development. B. Today I am providing Economics GK questions and answers for competitive exams. What are the reasons for slow economic growth? Assume that the rate of depreciation is 10% per year, the population growth rate is 3% per year, and the growth rate of technology is 1% per year. Which international institution was established after World War II to provide long-run development assistance to developing nations? How are both deficits interrelated? a. Create an account to browse all assets today, Economic Development Questions and Answers, Biological and Biomedical Uncertainty about the growth prospects in China and Europe a. has the same effect as an increase in TFP. Which businesses create more economic growth, the newer, struggling, and indebted or the older, established, debt-free, and inherited? What economic theory do you not agree with? Can the Asian miracle continue in the new millennium? Question 3. Resource Menu. What are the variables used to measure the economic growth? Question 4. All of the following will cause an increase in economic growth except A. an increase in the degree of excess capacity. Which of the following would reduce economic growth? a. rise b. st... As an economy's capital stock increases, the economy a. experiences economic growth. True b. Why do most of the benefits of economic growth go to the top 10% in the United States, but are shared more equally in the rest of the developed world? Which of these government organization that works to increase economic activity in the form of opportunities within a specific geographic area? All other trademarks and copyrights are the property of their respective owners. b. This introductory course of development economics is for the students, specializing in the sphere of economics. What would be the consequences of zero percent GDP growth in an already robust economy with 4% unemployment? Major Questions about Economic Development, Business Recruitment and Incentives: Some Questions Come with Answers, Some Don't. What are these three sources? Can the Asian miracle continue in the new millennium? Which West African countries are currently demonstrating surprising economic growth? What would an economic system look like in a world without economic growth? How does economic growth benefit the environment? Calculate the steady-state capital-lab... How do geoeconomic, modernization, and dependency theories differ in accounting for disparate outcomes in economic development? A main contributor to Japan's fast economic growth during the period 1960's-80's was the Japanese government's creative use of industry policy. The City’s Economic Development Department is funded through a grant from the Ingleside Development Corporation – the folks who oversee the monies collected through the 4B Sales Tax. Economic growth would increase as a result of all of the following except: a) increase in labor productivity. Give examples. The misery index is equal to: a) Interest rates + Inflation rate b) Inflation rate + Real GDP c) Unemployment rate + Inflation rate d) Unemployment rate + Interest rates. In 2006 its RGDP was about 8,000 billion yuan. What are the roles of the government in achieving sustainable long-run economic growth? For each industry, indicate what economic series you would be used to predict the growth for the industry. 4.1 Economic development (questions) In this section are a series of questions on the topic - economic development. Question 20. The annual total impact to the Texas economy in 2012 from the forest sector was $30.3 billion, which included value-added products worth $12.9 billion. A more restrictive immigration policy B. Can you have one without the other? Does economic theory suggest that we are in a world of win-lose competition? High-income countries have about 10 times the income of low-income countries. d. Lower taxes. Which of the following would likely slow a nation's economic growth? 3 What is economic? What Is Edb And How Does It Assist Investors? What are the main limits to economic growth? In the past two decades most timberland held by corporations that own wood processing facilities has been sold to corporations that do not own wood processing facilities, such as Timberland Investment Management Organizations and Real Estate Investment Trusts. Give a hypothetical or real example of situations in which a country may be experiencing growth but not development. d. all of the above. 250+ Economic Development Interview Questions and Answers, Question1: Does the city have any property for sale (including tax-acquired property)? We hope the given NCERT MCQ Questions for Class 11 Economics Unit 6 Development Experience of India: A Comparison with Neighbours with Answers Pdf free download will help you. 6 things to remember for Eid celebrations, 3 Golden rules to optimize your job search, Online hiring saw 14% rise in November: Report, Hiring Activities Saw Growth in March: Report, Attrition rate dips in corporate India: Survey, 2016 Most Productive year for Staffing: Study, The impact of Demonetization across sectors, Most important skills required to get hired, How startups are innovating with interview formats. a. If two countries' steady-state level of per capita income was described by the Solow model and they had the same values for gamma, alpha, and delta but different values for n, what would their rati... Several arguments suggest that low-income countries might have an advantage achieving greater worker productivity and economic growth in the future. Become a part of our community of millions and ask any question that you do not find in our Economics Q&A library. The government can promote economic growth by: A. setting a minimum wage. DEVELOPMENT STUDIES 1150 REVISION QUIZ QUESTIONS AND ANSWERS Imagine you are in charge of both monetary and fiscal policy in the U.S. Is Minnesota facing challenges or opportunities with these 5 economic indicators below? Suppose the production function is Y = 100(K3/10)(EN)7/10 and capital lasts an average of fifteen years. Is There Land Available? b) introduction of new technology in the manufacturing sector. Liquid State. Construction projects where City assistance exceeds $100,000 must hire 20% Cleveland residents for the project. Wh... Three possible sources of growth in per capita output are: a. True or false? A total of 2.7 million tons of logging residue was generated in 2013: 66 percent were softwood and 34 percent were hardwood. A. The information on sector specific policies is available on our website. Question 2. What are the limits to the U.S. long-term economic growth? Why do economists promote economic growth when the earth is finite and economic growth cannot and will not continue? For vacant land, contact David Ebersole at 216.664.2204 as well as for information on the City of Cleveland’s Industrial and Commercial Land Bank. Class 12 Indian Economic development NCERT solutions provide perfect and accurate answers to all the 20 questions of this chapter. You heard a political candidate just say that the Federal Reserve should stick to problems relating to inflation and price levels, and leave the issues of unemployment and economic growth to others... A short-run decrease in RGDP could be caused by: a. an increase in SRAS. Which of the following statements is true when comparing the Solow growth model and the endogenous growth model? Does economic growth inevitably lead to environmental degradation? Here we present Development Class 10 Important Questions and Answers Pdf Social Science Economics Chapter 1, We have collected all the important questions which came in the previous year’s exams. b) assembly line robots. What lessons can be learned from China's economic growth? Guaranteed low-interest loans for college students B. Question 9. How does Economic Development differ from Economic Growth? A key factor that leads to economic growth is. How do institutions affect economic growth? Internal financing and debt rescheduling B. Interal financing and foreign investment C. Foreign investment... What source of economic growth is reflected in the economy by an increase in productivity without an increase in land, labor, or capital? Can we get limitless economic growth if the Fed simply decides to not hike rates anymore, and keep printing money every time there's a little slowdown? Identify and describe two issues in the Indian economy that the people feel are big concerns and how citizens of the country generally feel about how trade affects their economy. Describe two variables that a government will look at to predict where the economy will be in the next six months. Due to hurricane Harvey, a lot of capital was destroyed in the state. True b. List the qualitative sources of economic growth. How Can The City Help? 1. Suppose there are two countries that are identical with the following exception. What two methods can a less-developed country use, to finance its economic development? Which of the following policies is most likely to bring about economic growth in the long run? b. b) The demand factor. What factors are important in ensuring that economic growth benefits a country's population as a whole? How Much Woody Biomass Is In East Texas? Steady State. C. critical in determining the standard of living in a nation. A. Which of the following is true? Last year, its residents decided to produce no capital goods. a. Select all that apply. Is the state of the Japanese economy proof that Keynesian economics doesn't work? In what ways would the Trans-Pacific Partnership (TPP) help Vietnam's economic growth? Free PDF download of Important Questions with Answers for CBSE Class 11 Indian Economic Development Chapter 3 - Liberalisation, Privatisation and Globalisation: An Appraisal prepared by expert Economics teachers from latest edition of CBSE(NCERT) books. Economics … Which of the following represent differences between the Harrod-Domar and Solow models? Indicate whether the statement is true or false. Explain how changes in environmental conditions (like climate change) contribute to the rise of/increase in Asian megacities. China's population was 1,306.6 million in 2005 and 1,313.1 million in 2006. International Monetary Fund B. d. none of the above. Get help with your Economic development homework. This is because: a. What was the charcoal industrial production's contribution to the economic and technological progress? c) it remains at that steady state value forever... A nation's real GDP was growing at only 2.0% per year over time. It is produced when a forest is harvested or when trees are processed at a mill. The quiz and worksheet will test your knowledge of these indicators and related terminology. If African countries send more of their citizens to college, will it increase economic growth and wealth in Africa? © copyright 2003-2020 Study.com. In the same year, the Texas forest sector generated 130,609 jobs and created $7.9 billion in labor income (Economic Impact of the Texas Forest Sector, 2012 (PDF, 3MB)). a) It refers to a situation where an economy is moving out of a recession without a significant increase in employment. Small Business Administration B. No development can be sustainable without including culture. Give an example using the concepts of private and social benefits. What is the success story behind Japan's rapid economic growth, despite huge debts? We generally measure economic growth by calculating the percent change in what? Why is South Australia's population and economic growth stagnant? The solutions first help you to test your level of understanding of the chapter. a) Enhancement of education opportunities . Select a country and an economic concern, such as population, unemployment, etc. What is actually the best indicator of economic growth in a country as per recent trends? What are the measurements for economic development? Population growth is an obstacle to economic growth. We have Provided Development Class 10 Economics MCQs Questions with Answers to help students understand the concept very well. During economic contractions, most firms experience rising sales. What is GDP? Explain the Lewis model - its assumption, weakness, and impact on the economic growth and development. Economic Growth: Why does Mongolia have a fast-growing economy? Which of the following contribute to economic growth? Which one of the following is FALSE? Ownership of private property. The rate of economic growth is measured as a. a percentage change in real GDP b. an absolute change in nominal GDP c. a percentage change in nominal GDP d. an absolute change in real GDP. Is 1%-2% economic growth the new reality for the United States? What are the differences between a growthist, environmentalist, and peakist perspective in combating climate change yet allowing economic growth? The rate of technological progress is 2.5%. Ex. Which of these methods of encouraging growth could be suggested to a newly industrialized economy? b. D. a... What fiscal policy measure has a direct impact to the economy? What are the similarities between the Keynesian liquidity preference and the quantity theory of money? What is the strategy that East Asia used from the 1970s to the 1990s to achieve high rates of economic growth. Which of the following will result in economic growth? E. restricting imports. Inflation stops economic growth. If a country's saving rate increases, then in the long run Select one: a. productivity is higher but the real GDP per person is not higher. B. a nation imposes tariffs and quotas on imported goods. How Can Freshers Keep Their Job Search Going? What are avoidable questions in an Interview? This allows FTZ users to defer or avoid paying duties and tarriffs on imported goods. What is the different between economic growth and development? The City does not make recommendations for or against the purchase of any property. Assume you have two identical countries that only differ in their initial incomes. AD and LRAS. Macroeconomics: Does a rising tide raise all boats? A significant increase in real median household income resulted in increases in consumption, b. c. a decrease in interest rates. False. What is main macroeconomic indicators of Cuba which shows welfare of its economy? Which of the following options is correct? B. the collapse of the British Royal Navy. Part II has 3 questions to be answered briefly in lined booklets for a total of 13 points. Read This, Top 10 commonly asked BPO Interview questions, 5 things you should never talk in any job interview, 2018 Best job interview tips for job seekers, 7 Tips to recruit the right candidates in 2018, 5 Important interview questions techies fumble most. What factors are similar across the countries, and what is unique about each of these four? You can easily get 2-3 marks with the help of Economics GK Questions and answers for Competitive Exams. Economic growth c. Economic chaos d. Economic failure. Negative net investment C. Higher taxes on households and firms D. Hig... Labor productivity and economic growth increase if: A. a nation subsidizes education for all citizens. What was the impact for business, both abroad and dom... Michael A. Clemens, Steven Radelet, Rikhil R. Bhavnani, and Samuel Bazzi argue that the findings of the existing literature can be classified into three different "strands." What source of economic growth is reflected in the economy by an increase in productivity without an increase in productivity in land, labor, or capital? What is the relationship between the variable that was selected and the economy? How can the world achieve inclusive economic growth while combating climate change and other natu... How can the world achieve inclusive economic growth while combating climate change and other nat... What are some good examples of applying panarchy beyond ecological science? b. Does funding economic growth in third world countries do more against poverty than donating to charities? Why does economic theory argue that we can't "have it all"? Check all that apply. Once you approach the EDB, there is no need to approach any department for taking any approvals. 1st PUC Economics Blue Print of Model Question Paper. What are these 3 "stran... Why is literacy essential for economic development? It is important to the Texas economy, especially in East Texas where most of the state’s commercial forests are located. Over the course of human history: a. economic growth has brought about substantial gains in incomes and standards of living in many countries. An increase in the number of hours in the work week. Where Can I Find Sector Specific Policies, If I Want More Information, Whom Do I Get In Touch With? An underdeveloped economy is characterized by a. What are the responsibilities of the Organization for Economic Cooperation and Development? Will a reduction in immigration help or hurt economic growth in the US? The investor can find details on Andhra Pradesh Industrial Infrastructure Corporation (APIIC) estates, Private Industrial estates and Government land-banks. Question 12. What computer-based industries are commonly subsidized by the government to promote economic growth? How does this compare to other countries in the world? Considering the Solow model, what will be the effect of an immediate doubling of the size of the labour force on GDP per capita? Your answers should be short and concise, your own work, and typed. In a long period of economic expansion the tax revenue collected ______ and the amount spent on welfare programs _____, creating a budget _____. Which of the following did not contribute to positive econ growth during the 2002-2006 years: a. However, Argentina ha... What can/should be done to foster economic growth around the globe? Use the data below to find the economic growth rate for Sunny Valley for 2015 (from 2014 to 2015). What is unemployment? What are the limits to long-term U.S. economic growth? Is economic growth merely a monetary phenomenon? What are some of the main sources of Mexico's economic growth? D. job training programs. Which of the following are likely to lead to economic growth? 3) Unpaid labor. The 2006 Human Development Report reported that the HDI of South Africa was 0.653 (and its rank was 121), and that of the Peru was 0.767 (and its rank was 82). What is it supposed to measure and how it is calculated? Question 11. Do I Need To Approach Any Other Department To Complete My Approval Process? A decline in investment b. How might a country's level of economic development affect the nature of entrepreneurial activity? religion, culture and anything else that is relevant. The Texas forest sector also produces many value-added forest products such as treated wood products, millwork, wood kitchen cabinets, prefabricated wood buildings, wood furniture and various paper products (Harvest Trends 2013 (PDF, 6MB)). How can sustainable long-run economic growth rate be realized? Which of the following is true of economic development considerations? High per capita real income b. What role do banks play in economic growth? How does capital accumulation contribute to economic growth in a country? New growth theory argues that: a. growth is due to the proper government policies concerning interest rates. A) information / industrial B) agricultural / information C) industrial / information D) technological / industrial, Rapid economic growth produced a large and growing middle class in India. What Environmental Risk Do I Have When Purchasing An Industrial Or Commercial Property? A) costs of economic growth B) disadvantages of free enterprise system C)... How does the government promote economic goals? Why is maintaining a high rate of economic growth so important to the Chinese government? In 'Other links’ tab the information on suitable land parcels is available. What can the government do to solve/improve it? d. An increase in the av... What is the current Canadian Conservation Biology policy? How Can The City Help? Explain Ecuador's market system and how it is different from the US market system. b. Ltd. Wisdomjobs.com is one of the best job search sites in India. Economic development officer interview questions & answers.. The O-ring theory places emphasis on ____ a. education of the labor force. Which of the following is a demand factor in economic growth? Do you have employment gaps in your resume? The Economic Development Board is a single-point of contact for any investments in the state of Andhra Pradesh. The rate of population growth is 0.5%. Does chemistry workout in job interviews? There are two forms that the City will send you for completion after the funds have been disbursed: Information from these forms is used in the City’s annual reports. d. LRAS and the PPC. a. Inclusive growth is the agenda of economic development in the future. Suppose that the rate of depreciation is positive, d>0, while populati... What affect did the China shock have on the US economy? How would your answer change if foreign confidence in the ability of the United States to repay its debts erodes? A. Haiti, Tanzania, Zimbabwe B. Haiti, Nicaragua, North Korea C. North Korea, Tanzania, Zimbabwe D. United State... Over the last 20 years, countries such as India and China have a. consumed heavily with little regard for the future. Select all that apply: Economic growth can be illustrated in the AD/AS framework through a. a shift of the short-run aggregate supply curve to the right. a. Which of the following is not a supply factor in economic growth? How does funding organizations take care of accelerating economic growth and social progress? Distinguish between the classical growth model and the new growth model. Is there a relationship between the economic growth of a country and the performance of the country's stock market? Business Studies. Get help with your Economic development homework. What Is A Foreign Trade Zone, And What Does This Mean For Auburn? Center for regio... Analysts commonly attribute the appreciation of a currency to expectations that economic conditions will strengthen. Why hasn't economic growth erased the deficit? A. capital B. technology C. institutions D. land E. labor. How does it relate to structural reforms? C. the rise and persistence of autocracy. What factors are essential to achieve high economic growth? a) battery charging stations. b. When the printing press was invented, this made publishing books far easier. c. Short-run fluctuations in... Why might secure and well-defined private property rights be a precondition for rapid economic development? For example, if the economy did not grow, this does not mean we have a better economy. Can't find the question you're looking for? How to Convert Your Internship into a Full Time Job? The saving rate in country A is greater than the saving rate in country B. How does the economy grow? The following are all determinants of growth except: a) The supply factor. Make use of time series data on employment, inflation, GDP, and trade balance. Because economic activity fluctuates, how is long-term growth possible? (a) New technology (b) Production facilities (c) Scarcity (d) Widen economic opportunities, Which is not a pro-growth institution? The case against economic growth is often made using which of the following arguments? Which of the following does not expand economic growth? Economics is the study of production, distribution and consumption of goods and services whether in a city, country or a single business. Problem Sets (20%) There will be 6 problem sets, each designed to help you review important topics and practice applying the methods taught in class to specific problems. What is the equilibrium point, is that A and B? In the Solow model, how does the saving rate affect the steady-state level of income? Under which president(s) did our economic recovery enjoy the highest average annual growth in real GDP? Why or why not? b. Which countries are likely to grow faster: countries doing cutting-edge growth or those doing c... a. C. a change in technology. Earn Transferable Credit & Get your Degree, Presently, the U.S. economy is shifting from a(n) ________ to a ________ base. Mill residue is a term applied to that material, and sawdust, chips, shavings and bark are typical forms. Question 13. Download the largest collection of free MCQs on Economics for Competitive Exams. Which of the following is correct? a. Economic growth and development are indications of a country's general economic health. What is the relationship between economic welfare and economic growth? Development Economics- Multiple Choice Quiz Who's Online. Give an example of each. Is economic freedom a cause or effect of economic growth? How does violence impact economic development? b. gains an absolute advantage in the production of capital goods.

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