1. Which of the following best represents economic growth?
a. an increase in the per capita real GDP
b. an increase in the per capita nominal GDP
c. an increase in nominal GDP
d. an increase in real GDP
2. It has been noted that a country that grants a considerable amount of economic freedom will experience:
a. positive rates of per capita income growth
b. negative rates of per capita income growth
c. dead capital
d. low levels of political freedom
3. Any capital resource that lack clear title ownership is:
a. the result of foreign direct investment
b. free capital
c. dead capital
d. capital destruction
4. Economic growth is enchanced when:
a. special interest groups acquire the political power to restrict competition
b. scarce resources are made available for all citizens free of charge
c. there are barriers to estabilishing legal ownership of capital resources
d. capital resources are devoted to their most efficient use
5. The acquisition of more than 10% of the shares of ownership is a company in another nation is called:
a. gross private international investment
b. porfolio investment
c. majority investment
d. foreign direct investment
6. When investment occurs in developing nations:
a. significant levels of pollution usually occur
b. government politicians usually benefit from the illigal payments made to secure the investment
c. higher rates of economic growth are usually not achieved
d. investors hope to gain significant returns of their investment and residents gain higher rates of economic growth