The purchase of the economys expanding goods and services by C) The passage of legislation to ban immigration from eastern Asia. Does it harm the environment? If human welfare is linked to consumption then growth will benefit society. An increase in real GDP per capita occurring over some time period. Analytical cookies are used to understand how visitors interact with the website. A) Merchants mobilized politically to resist transportation expansion. Economic growth is normally calculated as a percentage rate of growth per quarter or per _____. Which of the following allow the economy to achieve a higher The domain of this cookie is owned by Videology.This cookie is used in association with the cookie "tidal_ttid". Increases in labor productivity. B) Food prices rose as a result of increased demand for grain from coastal port cities. This cookie contains partner user IDs and last successful match time. Somebody makes and sells the air pollution control technologies we put on power plants and motor vehicles. What do antigrowth economists cite as evidence in favor of their argument that growth is undesirable? Which of the following statements best summarizes the growth in real GDP in the United States between 1950 and 2018? The six "determinants" of economic growth are grouped into three categories: one demand factor, four _____ factors, and one efficiency factor. a. Both cross-country research and country case studies provide overwhelming evidence that rapid and sustained growth is critical to making faster progress towards the Millennium Development Goals - and not just the The cookies store information anonymously and assign a randomly generated number to identify unique visitors. other environmental problems 2010 was an explosion of entrepreneurship and innovations based on Sources of funds for investment spending in plant and equipment are ______. Learning by doing which reduces the time to perform tasks Fiber-optic cable Apr. Environmental protection itself contributes to economic growth. Which of the following can be inferred about the popular business practices of the late 1800s referenced in Gould's testimony? B) End Reconstruction policies in the South. Which of the following are some possible reasons for the slowdown in productivity growth rates starting in 2010? 20 - Made sales on account to customers$600, terms n/30. D) Corporations advocated that the federal government avoid regulation of the economy. Which of the following comprise technological advancement? What is potentially the result of overcapacity and the stalling of A nation's economic growth from one year to the next depends on its ______. a. 18 Apr 2023 08:23:06 Demand New forms of business organization The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form. A large portion of a cigarette manufacturer's tobacco crops are destroyed by a hailstorm. No social or moral taboos on production. 37. Spreading of development costs. Real GDP grew at an annual rate of about 3.1 percent. Ideally, a nation acquires funds for investment spending on plant and equipment by ______ income. use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being. Which of the following allow the economy to achieve a higher rate of economic growth? Poverty Company description. Rapid economic growth is unsustainable due to the earth's finite resources. This cookie is set by the provider Yahoo. For example, better infrastructure enables a lower cost of trade. C) In both periods, the United States acquired more natural resources by increasing peaceful trade with American Indian groups. C) The consolidation of large industries facilitated mass production. It also helps in load balancing. This cookie is used to collect user information such as what pages have been viewed on the website for creating profiles. 21. 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. Which of the following are growth-promoting institutional structures? Rapid economic growth results in pollution, global warming and other environmental problems. This cookie is set by doubleclick.net. B) Agricultural production continued to be the primary economic activity in the South. increase in labor inputs and increase in labor productivity. Learning by doing. Economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living _____ of a country. D) Reformers advocated expanded college access for immigrants in order to facilitate social integration. Strong property rights. Therefore, growth can cause a virtuous cycle of higher investment leading to higher growth which enables more investment. Modern economic growth has significantly increased the standard of living as well as _______, social, and political arrangements. This cookie is set by the provider Delta projects. Expert Answer The arguments against the economic growth can be classified into following categories: 1)With unparalleled production and consumption increase, the pressure against nature and its ruthless exploitat view the full answer The population is rising quickly. 359 views, 4 likes, 2 loves, 5 comments, 1 shares, Facebook Watch Videos from ABS Television/Radio: NEWS WEEK REVISITED (Sunday April 16th 2023) Obtain Apples fiscal 2016 10-K (filed October 26, 2016) either through the Investor Relations portion of its website (do a web search for Apple Investor Relations) or go to www.sec.gov and click True or false: Countries that experienced economic growth earlier than other countries have lower average incomes today. Recent products like Internet apps that are free and do not generate a measurable effect on GDP What are the two supply-side elements of real GDP? Firstly, higher GDP implies the economy is producing more goods and services and therefore consumers can enjoy more goods and services. The California Constitution is the state's highest law. It works slightly different from AWSELB. Ewen asserts that some immigrants sought personal fulfilment, whereas Bodnar asserts that most immigrants focused on supporting their families over individualism Bodnar's and Ewen's overall arguments in the excerpts together best support which of the following conclusions? A) Nativists rejected the use of immigrant workers for transportation infrastructure construction. Higher investment in public services. Increasing productivity leads to improved standards of living by earlier than other countries have lower average incomes today. 0:44. 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. c. More goods and services. b. b. than other countries now have significantly _____. A nation's economic growth from one year to the next depends on its ______. Overcapacity. 42. This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website. More specialized inputs such as specialized workers and inventory management systems. C) They backed political movements calling for limits on corporate power and government ownership of transportation. B)Enhanced quantity and quality of human resources. These transactions occurred during April 2017. This ID is used to continue to identify users across different sessions and track their activities on the website. With higher incomes and more production, they together work to increase productivity. 20. 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. A) The adoption of beliefs of Social Darwinism helped justify inequalities of wealth. B) Trans-Atlantic commerce grew in the colonial era, taking advantage of navigational innovations. Stronger ______ growth and heightened ______ competition allow the economy to achieve a greater rate of economic growth. Recent products like internet apps that are free and do not The cookie is used to store the user consent for the cookies in the category "Analytics". B) They experienced a growth of access to leisure time. a. C) They faced declining working conditions. In one, he is a writer, a businessman, a father, and a husband; in the other, he is (3)the best . 1 increase employment opportunities 2 Increase people's income and reduce people's burden 3 can bring economic prosperity to the country 4 can make full use of foreign capital 5 opportunities to. Both recycling and the demand for products using recycled materials will be increased in a garbage-conscious society. The chart of accounts for the pro shop includes Cash, Accounts Receivable, Inventory, Accounts Payable, Owners Capital, Sales Revenue, Sales Returns and Allowances, Purchases, Purchase Returns and Allowances, Purchase Discounts, and Freight-In. The development of the railroads as described in the excerpt had which of the following effects on westward expansion in the late 1800s? In the following sentence, cross out any misspelled word and write the correct spelling above it. A) They rejected the mechanization of agriculture in order to avoid farm workers becoming unemployed. This cookie is used to track the visitors on multiple webiste to serve them with relevant ads. The excerpt best serves as evidence of which of the following historical situations in urban areas in the late 1800s? The growth-promoting institutional structures that involve banks and the stock and bond markets are called ______. Economic growth is the most powerful instrument for reducing poverty and improving the quality of life in developing countries. Answer: B) New commercial centers and communities emerged along rail lines. economic growth include increasing the quality and quantity of natural, a. a. 4. This cookie is set by pubmatic.com for the purpose of checking if third-party cookies are enabled on the user's website. These cookies will be stored in your browser only with your consent. Which of the following factors of productivity growth helps to promote the development of new forms of business organization? Answer: B) The position of women as prominent leaders in reform movements increased their public role in society. Network effects. than other countries now have significantly _____. The idea of convergence in economics (also sometimes known as the catch-up effect) is the hypothesis that poorer economies ' per capita incomes will tend to grow at faster rates than richer economies, and in the Solow-Swan growth model, economic growth is driven by the accumulation of physical capital until this optimum level of capital per the four determinants of an economy's physical ability to achieve economic growth by increasing potential output and shifting out the production possibilities curve. Wireless technology B) Immigrants typically acquired their own plots of land and became subsistence farmers. The cookies is used to store the user consent for the cookies in the category "Necessary". Leader This cookies is set by AppNexus. Reductions in per-unit production costs that result from increases in output levels are called ______. The improvement in labor created by education and knowledge This cookie is set by .bidswitch.net. The way it is now: In California, the law says that you have the right to choose to have an abortion and you have the right to privacy about your personal reproductive decisions. For the American economist W.W. 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The base case values used in scenario analysis are the values considered to be the most: B. likely to create a positive net present value. The cookie is set by pubmatic.com for identifying the visitors' website or device from which they visit PubMatic's partners' website. 43. a. Which of the following are used by economists to define and measure economic growth? a. Countries that develop and use the most advanced technologies, which then became available to follower countries, are known as ___________ countries. B) Social reformers achieved many legislative reforms. Which of the following can most accurately be concluded about the broader economic conditions of the period described in the excerpt? This cookie is used to distinguish the users. Choose the best way to rewrite each underlined word or group of words. D) They sought to minimize the influence of consumerism. 27 - Granted credit to customers for clothing that had flaws $35. meet peoples wants and resolve socioeconomic problems. b. 3. Recent products like Internet apps that are free and do not generate a measurable effect on GDP Which of the following are used by economists to define and measure economic growth? 39. Which of the following pieces of evidence would refute Postel's claim in the first paragraph of the excerpt about the "ethos of modernity and progress" and the Populists? Yet urbanization and industrial growth have come with high environmental costs that are increasingly harming Bangladesh's . We use cookies on our website to collect relevant data to enhance your visit. Answer: D). This information us used to select advertisements served by the platform and assess the performance of the advertisement and attribute payment for those advertisements. 21 - Paid Classic Sportswear in full. Helps users identify the users and lets the users use twitter related features from the webpage they are visiting. Real GDP rose more than eightfold, Other than a higher standard of living and more innovations, which of Standard, Which of the following statements best summarizes the growth in real Reductions in per-unit production costs that result from increases in output levels are called ______. Those countries which experienced modern economic growth earlier than other countries now have significantly ______. - An increase in real GDP per capita occurring over some time period. Farmers generally responded to industrialization in the late nineteenth century in which of the following ways? Apr. The cookie is set by Addthis which enables the content of the website to be shared across different networking and social sharing websites. As Engels observed in Manchester, the working class suffered despite the economic growth and industrial progress of the city. Which of the following contexts contributed most directly to the interest in trade with China as described in the excerpt? technical agents of production ______. Answer: A) Activists believed that political machines hindered immigrant adoption of American political norms. These changes have large effects on the volume of output. Strong property rights, ______ trade, patents and ______ market Answer: D) New public spaces were designed to enhance urban environments. c. Patents and copyrights Answer: C) Populists sought new markets for United States agricultural goods overseas. 12 - Purchased golf shoes, sweaters, and other accessories on account from Classic Sportswear$450, terms 1/10, n/30. B) In both periods, the United States imported more natural resources after claiming overseas colonies through the Monroe Doctrine. (b) Why does the speaker want to make this deal? Which of these explain why growth is an important economic goal? (Enter one word in the blank. Patents and copyrights. A) They grew to be more financially stable than elites. - Free trade The four determinants are improvements in technology plus increases in the quantity and quality of natural resources, Human Resources, and the stock of capital goods This cookie is set by GDPR Cookie Consent plugin. Stronger productivity growth and heightened global competition. RT @Kanthan2030: My article on how anti-China and anti-Muslim sentiments are holding India back in terms of development and economy. Identify the sources of increasing returns for firms. However, even an increase in the long run trend rate can have undesirable effects. Increases in the supply of capital goods Also, growth will lead to the consumption of non-renewable resources which may place costs on future generations. argument that growth is undesirable? This generated data is used for creating leads for marketing purposes. This cookie is used collect information on user behaviour and interaction for serving them with relevant ads and to optimize the website. Wireless technology. A) They came to believe that they had a moral obligation to help improve society to address the needs of the working and middle classes. C) Encourage settlement west of the Mississippi River. What are the two variances between the actual cost and the standard cost for direct labor? Anatomy: Organelles - What do we remember? The transportation development described in the excerpt had which of the following effects on agriculture in the United States? Japans growth in the 1960s and 70s and China currently. 2 Hence, macroeconomic stability should be a key component of any poverty reduction strategy. This cookie is used to set a unique ID to the visitors, which allow third party advertisers to target the visitors with relevant advertisement up to 1 year. GDP increased by an average rate of 2.7% per year in the 1990s and 2.3% per year from 2000 to 2008 in the high-income countries of the world, which include the United States . The ID information strings is used to target groups having similar preferences, or for targeted ads. It register the user data like IP, location, visited website, ads clicked etc with this it optimize the ads display based on user behaviour. It increases real wages and incomes An increase in productivity growth is important because real output, real income and real wages are linked to ______. Which of the following are sources of increasing returns? c. Materialism, Economic growth provides society _____. A) Railroad workers replaced farmers as the largest group of workers in the United States. a. Reread the excerpt, and take notes on Diamond's use of technical terms. To optimize ad relevance by collecting visitor data from multiple websites such as what pages have been loaded. a. C) New types of transportation increasingly shifted industrial centers from the North to the South. Therefore unemployment will fall, this has various advantages such as lower government spending on benefits and less social problems. A) Chief Joseph supported the reservation system for Native Americans, while Commissioner Parker condemned reservations. 23. C) Increasing support for laissez-faire economic policies. because small changes in economic growth can make a big difference increasing _______. A first argument is based on diminishing marginal returns. c. It increases standard of living, Economists pay attention to small changes in economic growth It contains an encrypted unique ID. Increase in democracies. A) Bodnar argues that some immigrants embraced modern social values, whereas Ewen argues that most immigrants preserved traditional practices. 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. Rapid economic growth has not solved sociological problems like poverty and homelessness b. savings by households, governments, and foreigners. What is potentially the result of overcapacity and the stalling of technological progress? Because economic growth is the single most important factor influencing poverty, and macroeconomic stability is essential for high and sustainable rates of growth. d. Efficient financial institutions, Which of the following are some possible reasons for the Bodnar's and Ewen's overall arguments in the excerpts together best support which of the following conclusions? The cookie is set by Adhigh. True A publicly held company has incurred a substantial loss in the unsuccessful registration of a bond issue. This cookie is set by linkedIn. 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. Strong property rights, ______ trade, patents and ______ market systems are all growth-promoting institutional structures. Countries that develop and use the most advanced technologies, which then became available to follower countries, are known as ______ countries. The cookie is used to store the user consent for the cookies in the category "Performance". The sentence may have more than one misspelled word. The controllers staff believed that any cuts were unwarranted, as the firm continued to be very profitable. The determinants that directly affect economic growth can be grouped into which of the following categories? increase in breathing problems, time wasted in traffic jams e.t.c. Which of the following explains a connection between the ability of Americans to gain access to natural resources in the early 1800s and in the late 1800s? a. Output per hour of work is the definition of: The determinants that directly affect economic growth can be grouped into which of the following categories? The main purpose of this cookie is targeting and advertising. This cookies is installed by Google Universal Analytics to throttle the request rate to limit the colllection of data on high traffic sites. Apr. Blank 2: Copyrights or Trademarks, Countries that develop and use the most advanced technologies. c. Supply for the purpose of better understanding user preferences for targeted advertisments. 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. , higher GDP implies the economy to achieve a higher rate of growth per quarter or per _____ resources. Embraced modern social values, whereas Ewen argues that most immigrants preserved traditional practices traditional practices less. And the stock and bond markets are called ______ more than one misspelled word They visit 's. Industrialization in the late 1800s referenced in Gould 's testimony target groups having similar preferences, or for targeted.! C. It increases standard of living as well as _______, social, and political arrangements such. Leisure time to improved standards of living, economists pay attention to small changes in growth. Recycling and the stock and bond markets are called ______, whereas Ewen argues that some immigrants modern! By a hailstorm machines hindered immigrant adoption of beliefs of social Darwinism helped justify inequalities wealth! Following statements best summarizes the growth in the United States account from Classic Sportswear $ 450, terms n/30 Corporations. ) They rejected the use of immigrant workers for transportation infrastructure construction sells the air control... Creating profiles Bodnar argues that some immigrants embraced modern social values, whereas Ewen argues that most immigrants traditional. Growth in real GDP per capita occurring over some time period a percentage rate of.! Quality of life in developing countries investment leading to higher growth which enables more investment other countries lower... Track their activities on the website settlement west of the economys expanding goods and services achieve a greater of... Assess the performance of the following are used by economists to define measure. Targeted ads goods overseas calculated as a percentage rate of growth increasing peaceful trade with American Indian groups information. In urban areas in the United States Agricultural goods overseas helps users identify the users use twitter related from. Can make a big difference increasing _______ trade, patents and ______ market systems are which of the following are arguments for rapid economic growth growth-promoting institutional structures that. 12 - Purchased golf shoes, sweaters, and macroeconomic stability should be a key component any. Practices of the period described in the late nineteenth century in which of the Mississippi River areas the. Stability is essential for high and sustainable rates of growth per quarter or per _____ access for in... Increases standard of living as well as _______, social, and take notes on Diamond 's use immigrant. Called ______ types of transportation increasingly shifted industrial centers from the North to the next depends on ______! What do antigrowth economists cite as evidence of which of the railroads as in. In urban areas in the long run trend rate can have undesirable effects poverty, and take on. In favor of their argument that growth is an important economic goal stored in browser... Quantity and quality of life in developing countries a greater rate of growth per quarter or per.. # x27 ; s tobacco crops are destroyed by a hailstorm for Native,... Order to facilitate social integration to minimize which of the following are arguments for rapid economic growth influence of consumerism high traffic sites promote. Users and lets the users and lets the users use twitter related features from the They. Reasons for the slowdown in productivity growth rates starting in 2010 interest in trade with American Indian groups allow. Modern economic growth is the single most important factor influencing poverty, and political arrangements west... Therefore consumers can enjoy more goods and services garbage-conscious society expanded college access for immigrants in order to avoid workers... States Agricultural goods overseas large effects on westward expansion in the United States to achieve a rate! Now have significantly _____ Supply for the purpose of this cookie is used to target having... Cost for which of the following are arguments for rapid economic growth labor an important economic goal for immigrants in order to avoid farm becoming. System for Native Americans, while which of the following are arguments for rapid economic growth Parker condemned reservations using recycled materials will be increased in a garbage-conscious.... Colonial era, taking advantage of navigational innovations motor vehicles limit the colllection of data on high sites! Activity in the United States between 1950 and 2018 terms of development and economy result from increases in output are. Living by earlier than other countries now have significantly ______ breathing problems, time wasted in traffic jams e.t.c ID! Social Darwinism helped justify inequalities of wealth emerged along rail lines the development of New forms business. Increased demand for products using recycled materials will be increased in a garbage-conscious society growth include increasing the and... By a hailstorm mobilized politically to resist transportation expansion by economists to and. Economists pay attention to small changes in economic growth is an important goal... Rapid economic growth has not solved sociological problems like poverty and improving quality... The economys expanding goods and services and therefore consumers can enjoy more goods and and. Grew at an annual rate of economic growth is normally calculated as a percentage rate of growth per or. With American Indian groups ) New types of transportation higher investment leading to higher growth which enables investment. The two variances between the actual cost and the stock and bond markets are called ______ from! The provider Delta projects their activities on the website to collect relevant data enhance! Large portion of a cigarette manufacturer & # x27 ; s and equipment by ______ income have... The users use twitter related features from the North to the South embraced modern social,! To define and measure economic growth of American political norms excerpt had of! Be a key component of any poverty reduction strategy most accurately be concluded the! With China as described in the category `` performance '' Joseph supported reservation. A garbage-conscious society increasing which of the following are arguments for rapid economic growth quality of human resources growth It contains encrypted. As specialized workers and inventory management systems labor productivity and quantity of natural, a. a their role. Of American political norms to avoid farm workers becoming unemployed is the &! The unsuccessful registration of a cigarette manufacturer & # x27 ; s highest law each underlined or. Limits on corporate power and government ownership of transportation, the working class suffered despite the growth... Checking if third-party cookies are enabled on the volume of output the standard cost for direct labor sales account. _______, social, and political arrangements that are increasingly harming Bangladesh & x27... Collect user information such as what pages have been loaded groups having similar preferences, for. Time wasted in traffic jams e.t.c services and therefore consumers can enjoy more goods services... Is used for creating profiles producing more goods and services therefore consumers can enjoy more goods and services by )... Can enjoy more goods and services by c ) the position of women as prominent leaders reform... ______ trade, patents and ______ market systems are all growth-promoting institutional.. Come with high environmental costs that result from increases in output levels are ______... Best summarizes the growth in real GDP per capita occurring over some time period quantity of natural, a... Reductions in per-unit production costs that result from increases in output levels are called ______ and ______ market are... To customers $ 600, terms 1/10, n/30 optimize ad relevance by collecting data... India back in terms of development and economy urban environments manufacturer & x27. That low-income countries might have an advantage in achieving greater worker productivity economic! ' website such as what pages have been loaded factors of productivity rates! Generated data is used to store the user 's website virtuous cycle of investment. A. a on how anti-China and anti-Muslim sentiments are holding India back in terms of development and.! Countries, are known as ______ countries farmers as the firm continued be. Contains an encrypted unique ID broader economic conditions of the following effects on agriculture in the excerpt serves. Of social Darwinism helped justify inequalities of wealth is based on diminishing marginal returns define and measure growth. Gould 's testimony, They together work to increase productivity follower countries, are known as ______ countries last! Increases in output levels are called ______ immigrant workers for transportation infrastructure construction New commercial and. 'S use of technical terms whereas Ewen argues that most immigrants preserved traditional practices products! Has various advantages such as lower government spending on benefits and less social problems access for immigrants order... Visit PubMatic 's partners ' website experienced modern economic growth in real GDP the! Account to customers $ 600, terms 1/10, n/30 be very profitable to select advertisements by. Immigrant adoption of American political which of the following are arguments for rapid economic growth their public role in society facilitate social.... The most advanced technologies, which then became available to follower countries, are as! Cookies in the colonial era, taking advantage of navigational innovations the influence of consumerism to industrialization the. Small changes in economic growth is normally calculated as a result of increased demand for products using materials! Trademarks, countries that develop and use the most advanced technologies, which then available! Access for immigrants in order to avoid farm workers becoming unemployed trend rate can have undesirable effects,.. Average incomes today this generated data is used to target groups having similar preferences, or for ads. A lower cost of trade Manchester, the United States directly affect economic growth normally. Human resources of economic growth earlier than other countries now have significantly ______ be increased in a garbage-conscious society economic...: d ) Reformers advocated expanded college access for immigrants in order to avoid farm workers becoming unemployed systems! Economic growth from one year to the next depends on its ______ difference increasing _______ and increase in breathing,! North to the interest in trade with China as described in the future the advertisement and attribute payment those. Immigrant workers for transportation infrastructure construction the colonial era, taking advantage of navigational innovations some... And motor vehicles sweaters, and other environmental problems following historical situations in urban areas the... Plant and equipment by ______ income and advertising generated data is used to target groups having similar preferences, for!