1. an important effect of economic growth is that it a. lowers taxes. b. raises living standards. c. lowers living standards. d. fights inflation. 2. the lack of skilled workers to operate an oil rig is an example of a shortage of capital. a. physical b. financial c. worker d. human 3. if a country was to place a limit on the number of cars that could be imported in a year, it would be an example of what kind of trade regulation? a. quota b. currency control c. subsidy d. tariff 4. the percentage of the total population living below the poverty level is known as the a. income rate. b. poverty rate. c. poverty measure. d. poor rate. 5. why are governmental services more expensive in cities compared to other areas? a. cities have a higher concentration of poor people. b. cities have more expensive tax rules than other areas. c. federal government doesn't t cities. d. state government doesn't cities.