ECON 100 Semester Exam Questions and Answers | 100% Pass
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Course
Econ 100
Institution
Econ 100
ECON 100 Semester Exam Questions
and Answers | 100% Pass
Rapid population growth, widespread poverty and malnutrition, and a large share of
employment in agriculture are sources of what? - Answer️️ -Sources of "drag"
weighing on the prospects of economic growth in developing countries.
Eco...
automatically organize themselves to push back barriers of resource constraints.
What is the root of exchange behavior? - Answer✔️✔️-The natural human tendency
toward division of labor to gain efficiency.
What does insurance allow? - Answer✔️✔️-Insurace allows a person to pay back a small
amount, along with many others, to protect against costly results of low-probability
events.
What are production and exchange about? - Answer✔️✔️-About satisfying goals while
loosening constraints.
What does the proportion of population involved in agriculture reflect? - Answer✔️✔️-It
reflects the level of economic development in a country, because a declining proportion
of population involved in agriculture means agricultural productivity has increased
sufficiently so people can be released from food production to produce other high value
products in a more diverse economy.
Contributing to charities to assure everyone in one's community has access to food,
housing, and health care can be consistent with what principle? - Answer✔️✔️-The
principles of self-interest.
Companies which sell stock are not what? - Answer✔️✔️-Are not "sellers" in the capital
market.
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