Ch 78: NMTA Social Science: Economics & Geography

About This Chapter

Use our video lessons and self-assessment quizzes to review the material on international economics for the NMTA Social Science Exam. Having the material presented in more than one way makes it easier to correctly answer these types of questions when you see them on the test.

NMTA Social Science: Economics and Geography - Chapter Summary

The lessons contained in this chapter can assist you as you revisit what you studied in college about world economics in preparation for the NMTA Social Science Exam. The videos review all the points you need to know, including:

  • Economic growth
  • Economic activity pre-industrial, industrial and post-industrial
  • Real GDP per capita and standard of living
  • Domestic economic activities and their regulation
  • Productivity and human capital
  • Physical capital
  • Productivity and unemployment

Our expert instructors present the materials in ways that are both enlightening and entertaining. The videos and self-assessment quizzes are designed to make it easier to retain what you learn.

Objectives of the NMTA Social Science: Economics and Geography Chapter

The NMTA Social Science Exam is a multiple-choice standardized test that evaluates your knowledge and understanding of several areas within social science. These areas are historiography and world history, US history, geography and culture, government and economics. Your test score determines if you may be licensed as a teacher in the state of New Mexico. Once you reach the Economics content domain, which makes up 12% of the test questions, you'll find questions that are related to this chapter's content. The self-assessment quizzes give you a chance to check on your mastery of the material and practice answering the kinds of questions that will be on the 150-question test.

9 Lessons in Chapter 78: NMTA Social Science: Economics & Geography
Test your knowledge with a 30-question chapter practice test
Economic Growth: How to Raise a Nation's Potential Output

1. Economic Growth: How to Raise a Nation's Potential Output

Learn the truth about long run economic growth, including how economists define and illustrate an increase in the potential output of a nation through change in real GDP.

Economic Activity: Pre-Industrial, Industrial & Post-Industrial

2. Economic Activity: Pre-Industrial, Industrial & Post-Industrial

This lesson will explore the eras of pre-industrialism, industrialism, and post-industrialism. In doing so, it will highlight subsistence-level living, cottage industries, and the service industry.

How Real GDP per Capita Affects the Standard of Living

3. How Real GDP per Capita Affects the Standard of Living

Have you ever wondered why some countries are better off than others? In this lesson, explore the concept of real GDP per capita, an economic measure of a nation's standard of living, and discover how population, productivity, and the savings rate effect the standard of living.

Global Regulation of Domestic Economic Activity & Wealth

4. Global Regulation of Domestic Economic Activity & Wealth

This lesson will explain how different domestic economies are regulated. In doing this, it will explain traditional, market, command, and mixed economy systems as well as subsistence living and communism.

Investment in Human Capital and Productivity

5. Investment in Human Capital and Productivity

This lesson explores the education, knowledge and skills of the labor force - what economists call human capital - including how it affects productivity and economic output.

Physical Capital: Definition and Effects on Productivity

6. Physical Capital: Definition and Effects on Productivity

This lesson explains what physical capital is and why it's important to an economy. Using real-world examples, you'll see how it relates to the process of producing goods and services, which is a major foundation of economic growth.

How Productivity Affects Unemployment

7. How Productivity Affects Unemployment

Increases or decreases in productivity can affect employment rates. Find out how productivity and unemployment are connected in this lesson as you look at different situations that may occur in an economy.

How Technology, Research & Development Affect Productivity

8. How Technology, Research & Development Affect Productivity

Economists consider productivity to be a nation's long-run growth engine. This lesson explores the connection between technology, research & development, and productivity, using real-world examples.

The Global Economy: Advantages, Expansion & Impact

9. The Global Economy: Advantages, Expansion & Impact

This lesson will explain the concept of economic globalization. We will look at both its positive and negative effects while also highlighting the terms 'import,' 'export,' and 'capital flight.'

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the NMTA Social Science (303): Practice & Study Guide course

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