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FC4: reason for growth, goods/services, productivity, division of labor/specialization

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Last updated about 6 years ago
5 questions
1
1
1
1
1
Question 1
1.

Question 2
2.

Which of the following is an example of a good?

Question 3
3.

Productivity is measured as

Question 4
4.

Burt and Ernie open their own computer repair shop. Burt will manage their parts inventory and all the accounting duties. Ernie will work out front to meet customers when they drop off and pick up their computers. Burt will work on desktop computers, while Ernie will repair laptops. Burt and Ernie's arrangement is an example of

Question 5
5.

Which of the following scenarios represents an increase in productivity?

Which of the following will lead to an increase in economic growth?
more physical capital
more resources
less educated workforce
fewer resources
lower productivity
better educated workforce
better technology
less physical capital
producing the same number of cars in the same amount of time
producing more cars in more time
producing the same amount of cars in less time
producing more cars in the same amount of time