Questions
SESS0026_25-26 MCQ TEST (30%) in-class 11th December 2025, 1pm
Single choice
Which of the following statement is true?
Options
A.a. Accession to the Single Market increases growth mainly through factor price equalisation.
B.b. In the endogenous growth model, long-run growth can be achieved by knowledge capital accumulation.
C.c. The Single Market programme transformed the European Economic Community into a customs union.
D.d. The neoclassical growth model takes into account that some firm have greater market power than others.
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Step-by-Step Analysis
Question: Which of the following statement is true?
Options:
a. Accession to the Single Market increases growth mainly through factor price equalisation.
b. In the endogenous growth model, long-run growth can be achieved by knowledge capital accumulation.
c. The Single Market programme transformed the European Economic Community into a customs union.
d. The neoclassical growth model takes into account that some firm have greater market power than others.
Analysis of each option:
- Option a: Accession to the Single Market increases growth mainly through factor price equalisation.
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