Economics terms - Study guides, Class notes & Summaries

WGU C211 Global Economics Terms Questions and Answers 100% Pass Foreign Direct Investment (FDI) - Correct Answer ️️ -Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism - Correct Answer ️️ -A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. Strategic Trade Policy - Correct Answer ️️ -Government policy that provides companies a stra...

100 Economics Terms

WGU C211 Global Economics Terms Questions and Answers 100% Pass Foreign Direct Investment (FDI) - Correct Answer ️️ -Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism - Correct Answer ️️ -A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. Strategic Trade Policy - Correct Answer ️️ -Government policy that provides companies a stra...

Foreign Direct Investment (FDI) - Accurate AnswerInvestment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism - Accurate AnswerA theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. Strategic Trade Policy - Accurate AnswerGovernment policy that provides companies a strategic advantage in international trade through subsidies and other supports. Transactio...

Principles Of Economics Terms(Chapters1,2) With Complete Solutions Latest Update

WGU C211 Global Economics Terms with complete solution

Chapter 01 The Economic Problem     
Multiple Choice Questions
  1. What do economists mean when they say that the economy faces scarcity? 
A. There are fewer resources available than there were in the 1960s.
B. It is quite evident that the world is running out of resources.
C. The economy is producing far below its capacity to produce.
D. The resources available are not sufficient to produce all that everyone wants.   
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Economics Terms (TMS 8) Exam Questions Correctly Answered. Scarity - CORRECT ANSWER The inability to satisfy all wants at the same time. Choice - CORRECT ANSWER Selection of an item or action from a set of possible alternatives. Opportunity Cost - CORRECT ANSWER what is given up when a choice is made (the second-best alternative.) Resources - CORRECT ANSWER factors of production that are used in the production of goods and services. Production - CORRECT ANSWER the combining of h...

WGU C211 Global Economics Terms questions & answer

Please check the examination details below before entering your candidate information Candidate surname Other names Centre Number Candidate Number Pearson Edexcel Level 3 GCE Monday 5 June 2023 Morning (Time: 2 hours) Paper reference 9EC0/03 Total Marks Economics A Advanced PAPER 3: Microeconomics and Macroeconomics You do not need any other materials. Instructions • Use black ink or ball-point pen. • Fill in the boxes at the top of this page with your name, centre number and c...