Unmploymrnt e Flashcards

1
Q

What are the positives of economic growth?

A

Economic growth can lead to:
* Increased employment opportunities
* Higher income levels
* Improved standards of living
* Enhanced public services
* Greater investment in infrastructure
* Increased tax revenues for governments

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the negatives of economic growth?

A

Economic growth can result in:
* Environmental degradation
* Increased inequality
* Overconsumption of resources
* Inflationary pressures
* Potential for economic bubbles
* Social unrest due to disparities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

True or False: Economic growth always leads to environmental sustainability.

A

False

Economic growth often contributes to environmental degradation due to increased resource consumption.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Fill in the blank: Economic growth can lead to _____ in income levels.

A

higher

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What can enhanced public services from economic growth include?

A

Enhanced public services can include:
* Healthcare
* Education
* Transportation
* Social welfare programs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

How can economic growth affect income inequality?

A

Economic growth can increase income inequality, as the benefits may not be distributed evenly across the population.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Fill in the blank: Economic growth may lead to _____ pressures.

A

inflationary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What role does government play in economic growth?

A

Government can influence economic growth through:
* Fiscal policy
* Monetary policy
* Regulation
* Investment in public goods

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

True or False: Increased tax revenues from economic growth can be used to address social issues.

A

True

Governments can allocate increased tax revenues to programs aimed at reducing inequality and improving public services.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly