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?

<p>Understanding of the best ways to produce goods and services (D)</p> Signup and view all the answers

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

<p>Any advance in knowledge that enhances productivity (B)</p> Signup and view all the answers

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

<p>Invention of the assembly line by Henry Ford (C)</p> Signup and view all the answers

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

<p>By importing the natural resources they need (C)</p> Signup and view all the answers

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

<p>Increasing societal output with fewer resources (A)</p> Signup and view all the answers

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