Economics - Economic Growth MCQ Test 2

1. Which factor is considered a driver of endogenous growth?

2. What is a key aspect of basic sustainable economic growth?

3. What is 'Disequilibrium in Economics'?

4. What is 'Real Business Cycle' theory?

5. What is 'Game Theory' in economic analysis?

6. What is a common indicator of economic growth?

7. Which theory emphasizes the role of innovation and entrepreneurship in economic growth?

8. What is the 'Broken Window Fallacy' in economic reasoning?

9. What is the Solow Growth Model?

10. What is the Lewis Dual Sector Model focused on?

11. What does GDP stand for in the context of economic growth?

12. What is 'Stagflation' and why is it considered an economic challenge?

13. What is the 'Tulip Mania' and why is it significant in economic history?

14. What does the 'Rule of 70' help estimate in economic growth?

15. In the context of economic growth, what is 'hysteresis'?

16. What is the 'Cobra Effect' in economic history?

17. What is the 'Phillips Curve' relationship?

18. What is 'Rent Seeking' in economics?

19. Which of the following is considered a basic factor influencing economic growth?

20. What is 'The tragedy of the commons' in environmental economics?

21. What is the 'Laffer Curve' associated with in economic policy?

22. What is 'seigniorage' in monetary economics?

23. What is the Lucas Critique in economic policy?

24. In the context of basic economic development, what role do effective policies play?

25. What is 'Crowding Out' in the context of fiscal policy?

26. What is a common indicator of economic growth in a country?

27. What role does inflation targeting play in monetary policy?

28. What is an essential factor for basic economic growth and innovation?

29. How does 'supply-side economics' differ from other economic theories?

30. What does the 'Great Moderation' refer to in economic history?

31. How can effective economic policies contribute to sustained economic growth?

32. What is 'endogenous money' theory?

33. Why is a basic understanding of economic growth and society crucial?

34. What is 'neoliberalism' in economic philosophy?

35. What is the 'Hawthorne Effect' in the context of economic development?

36. What is 'Economic Rent' in classical economics?

37. What role does human capital play in economic growth?

38. What is 'Trickle-Down Economics' focused on?

39. What is 'Hyperinflation' in economic terms?

40. What is the 'Dutch Disease' related to in economics?