Econ exam 1 answers - Study guides, Class notes & Summaries

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Econ 101 Midterm ACTUAL Exam Questions and CORRECT Answers Each of the following news items involves a what, how, or for whom question. 1. Today, most stores use computers to keep their inventory records, whereas 20 years ago most stores used paper records. 2. Health-care professionals and drug companies recommend that Medicaid drug rebates be made available to everyone in need. 3. An increase in the gas tax pays for low-cost public transit. - CORRECT ANSWER Item #1 answers that ____...

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ECON 203 EXAM 1 TAMU QUESTIONS AND ANSWERS GRADED A+ What are 3 gains from society when countries decide to specialize? -specialization and trade -more resources -Improvements in technology/productivity True or False: Every country have comparative advantage in something. True What are 2 gains when two countries engage in specialization and trade? -total production increases -new points reached on the PPF that were originally unattainable What are the 4 characteristics of competitive ...

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Chapter 1 ECON 212 Exam Questions and Answers 100% CorrectChapter 1 ECON 212 Exam Questions and Answers 100% CorrectChapter 1 ECON 212 Exam Questions and Answers 100% CorrectChapter 1 ECON 212 Exam Questions and Answers 100% CorrectChapter 1 ECON 212 Exam Questions and Answers 100% Correctwhen economists say scarcity, they mean: a. there are only a limited number of consumers who would be interested in purchasing goods b. human wants exceed the available supply of time, goods and resources...

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Econ 310 Exam 1 Question| correct answers verified A+Econ 310 Exam 1 Question| correct answers verified A+ A "primary market" is a market A. for debt by large or "primary" corporations. B. in which newly issued claims are sold to buyers by borrowers. C. for government securities. D. in which newly issued claims are sold by savers to borrowers. - correct answers-B. Securitization is the process of A. issuing bonds to finance purchases of equipment and structures. B. co...