ECON 2150 FINAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY GRADED A+||NEWEST VERSION
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Course
ECON 2105
Institution
ECON 2105
Quiz: The likely result if government taxed away all profits would be
a. a more rapid shift of resources to expanding industries.
b. the removal of the most important incentive for resource
allocation.
c. improved market signals and responses.
d. increased information about temporary short...
1
ECON 2150 FINAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ||ALREADY GRADED A+||NEWEST
VERSION
Quiz: The likely result if government taxed away all profits would be
a. a more rapid shift of resources to expanding industries.
b. the removal of the most important incentive for resource
allocation.
c. improved market signals and responses.
d. increased information about temporary shortages and surpluses
e. enhanced efficiency in resource allocation.
Ans: b. the removal of the most important incentive for resource allocation.
Quiz: Which of the following is NOT a reason for increased
reliance on unhampered market processes for allocating resources:
a. the price system coordinates trillions of independent economic
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