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Property Rights and Political Stability Quiz

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Property Rights and Political Stability Quiz

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Questions and Answers

What are natural resources in the context provided?

Inputs into production provided by technology

Inputs into production provided by nature (correct)

Inputs into production provided by government

Inputs into production provided by society

How does an increase in natural resources per worker impact productivity?

It may decrease productivity

It has no effect on productivity

It may increase productivity (correct)

It decreases productivity

Which country is mentioned as rich due to its abundant natural resources?

Saudi Arabia (correct)

China

Germany

Japan

What is technological knowledge as defined in the text?

Understanding of the best ways to produce goods and services Signup and view all the answers

Which of the following best explains technological progress in the context provided?

Any advance in knowledge that enhances productivity Signup and view all the answers

What is an example of technological progress mentioned in the text?

Invention of the assembly line by Henry Ford Signup and view all the answers

How do countries like Japan prove that abundance of natural resources is not necessary for economic prosperity?

By importing the natural resources they need Signup and view all the answers

What is the key role of technological knowledge in boosting productivity?

Increasing societal output with fewer resources Signup and view all the answers

Property Rights and Political Stability Quiz

Choose a study mode

Podcast

Questions and Answers

What are natural resources in the context provided?

How does an increase in natural resources per worker impact productivity?

Which country is mentioned as rich due to its abundant natural resources?

What is technological knowledge as defined in the text?

Which of the following best explains technological progress in the context provided?

What is an example of technological progress mentioned in the text?

How do countries like Japan prove that abundance of natural resources is not necessary for economic prosperity?

What is the key role of technological knowledge in boosting productivity?

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