Econ 201 exam two - Study guides, Class notes & Summaries
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Econ 201 Principles of Economics Exam Questions and Answers 2022
- Exam (elaborations) • 5 pages • 2022
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Econ 201 Principles of Economics Exam Questions and Answers 2022 
 
Policies taken to move the economy closer to potential output 
Are called stabilization policies 
What are the two tools of fiscal policy that governments can use to stabilize an economy 
government spending and taxation 
Contractionary policies are policies designed to 
reduce the level of real GDP 
Expansionary policies are policies designed to 
increase the level of real GDP 
A White House proposal to increase infrastructure ...
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Econ 201 Principles of Economics Exam Questions and Answers 2022
- Exam (elaborations) • 5 pages • 2022
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Econ 201 Principles of Economics Exam Questions and Answers 2022 
 
Policies taken to move the economy closer to potential output 
Are called stabilization policies 
What are the two tools of fiscal policy that governments can use to stabilize an economy 
government spending and taxation 
Contractionary policies are policies designed to 
reduce the level of real GDP 
Expansionary policies are policies designed to 
increase the level of real GDP 
A White House proposal to increase infrastructure ...
-
Econ 201 Principles of Economics Exam Questions and Answers 2022
- Exam (elaborations) • 5 pages • 2022
-
- $11.49
- + learn more
Econ 201 Principles of Economics Exam Questions and Answers 2022 
 
Policies taken to move the economy closer to potential output 
Are called stabilization policies 
What are the two tools of fiscal policy that governments can use to stabilize an economy 
government spending and taxation 
Contractionary policies are policies designed to 
reduce the level of real GDP 
Expansionary policies are policies designed to 
increase the level of real GDP 
A White House proposal to increase infrastructure ...
-
NDSU ECON 201 EXAM 4 Questions with correct Answers
- Exam (elaborations) • 2 pages • 2024
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NDSU ECON 201 EXAM 4 Questions with correct Answers 
why are perfectly competitive firms allocatively efficient? 
because price equals marginal cost 
 
 
 
Nate owns a tattoo parlor in downtown Fargo. on Sunday, he expects to bring in $200 in revenue and his costs are projected to be $440 for TFC and $325 for TVC. He will: 
earn a loss and should shut down for the day 
 
 
 
 
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ECON 201 Exam Questions With All Correct Answers
- Exam (elaborations) • 6 pages • 2023
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ECON 201 Exam Questions With All Correct Answers 
 
LAND - CORRECT ANSWER All natural resources used in production are classified as the resource called... 
 
total benefits as the level of the activity increases by one unit. - CORRECT ANSWER The marginal benefit of an activity can be found by calculating the change in: 
 
RESOURCES - CORRECT ANSWER Because...are scarce, individuals and societies must allocate them among competing uses. 
 
the marginal benefit equals the mar...
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