1.Which of the following actions should a government avoid if it aims to boost economic growth?
2.Which of the following investments aimed at increasing productivity is most likely to generate a positive externality?
3.What is the expected impact on the UK’s GDP and GNP when Toyota opens a new manufacturing facility in northern England?
4.Which of the following best illustrates foreign portfolio investment?
5.Which option best illustrates an improvement in technological understanding?
6.What was Thomas Malthus's main argument regarding population growth?
7.Which category does copper belong to?
8.Which statement accurately describes the economic differences among countries?
9.What is the opportunity cost associated with economic growth?
10.What does it imply when a country's GDP per capita is extremely low?
11.Which of the following is a reliable indicator of a country's standard of living?
12.Assuming that consumption during youth and old age are both normal goods, how does a rise in the interest rate affect the amount saved?
13.What happens to the budget line if both income and prices double simultaneously?
14.Based on Exhibit 4, assume a consumer has €100 to spend and must decide between purchasing socks or belts. How would you classify a pair of socks in this scenario?
15.Refer to Exhibit 4. Assume a consumer is deciding between purchasing socks and belts, with an income of €100. If the price of socks decreases from €5 to €2 per pair, which movement illustrates the substitution effect?
16.When a rise in a consumer's income leads to a reduction in the amount of a product they buy, how is this product classified?
17.Consider a graph where the quantity of good X is represented on the x-axis and the quantity of good Y on the y-axis. If the indifference curves are concave toward the origin, how does the marginal rate of substitution of good Y for good X (the slope of the indifference curve) change as we move from a situation with a large amount of good X to one with a large amount of good Y?
18.At what point does a consumer achieve the optimal combination of two goods?
19.What is the name given to the slope at any point along an indifference curve?
20.Which statement is incorrect about the result of a consumer's optimization process?