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ECON 100 Semester Exam Questions and Answers | 100% Pass

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  • Econ 100
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  • 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...

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  • September 25, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Econ 100
  • Econ 100
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

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? - Answer✔️✔️-Sources of "drag"

weighing on the prospects of economic growth in developing countries.


Economic studies what? - Answer✔️✔️-How people make choices to achieve goals with

resource constraints.

Aspects of economic superiority in the U.S. ("American exceptionalism") do not include

what? - Answer✔️✔️-Life expectancy at birth, health outcomes and educational outcomes

are better in the U.S. than in almost any other nation.

What does the "invisible hand" mean? - Answer✔️✔️-The division of labor and exchange

occur naturally among people without being directed by anyone.

Human capital is a list of what? - Answer✔️✔️-Attributes embodied in a person which

may have value in the marketplace

Foregoing the most valuable option not taken is a(n) what? - Answer✔️✔️-An opportunity

cost

Raising Gross National Income per capita and Gross Domestic Product per capita do

not assure what? - Answer✔️✔️-That everyone in the country has a higher level of living.




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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Adam Smith in The Wealth of Nations described what? - Answer✔️✔️-How free people

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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