ECON 102 QUIZ 5 - 100% Correct Questions and Answers

ECON 102 QUIZ 5 Question 1 of 10 Technological progress occurs when the economy gets more output Question 2 of 10 If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience Question 3 of 10 Increases in net investment generally result in Question 4 of 10 Nations that borrow from abroad to support current investment will Question 5 of 10 Nations that borrow from abroad to support current consumption Question 6 of 10 Trade deficits always lead to future decreases in consumption if the trade deficits Question 7 of 10 An event that allows the economy to operate more efficiently by producing more outputs without using any more inputs is referred to as Question 8 of 10 It is possible for an economy to become more productive and per-capita output to increase if Question 9 of 10 Knowledge and skills are part of in an economy. Question 10 of 10 Economic growth is severely impeded in economies