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ECN 211 Exam 2 – Marburger questions with correct answers|100% verified|18 pages
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ECN 211 Exam 2 – Marburger questions with correct answers 
Tariff Correct Answer-A tax on imported goods 
 
Who benefits/loses from free trade? Correct Answer-1. Foreign producers of steel (exports steel to US) 
2. Buyers of steel and steel-related products (price falls and quantity increases) 
 
Who is worse off because of free trade? 
1. Domestic producer of steel (sells lower quantity and at a lower price) 
 
Who benefits from tariffs? (US steel producers example) Correct Answer-1. Domestic...
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Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated.
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Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated. 
GDP the market value of all FINAL goods and services produced in a country during a period 
of time. 
GDP equation GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net 
exports) 
Consumption expenditures made by households (excluding the purchase of a new house) 
Investment Final goods and services purchased by business firms (equipment for production 
and new buildings), changes in inventories (which is th...
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PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+
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PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+ 
Which of the following would be an example of a microeconomic issue? Select all that apply. 
1. The federal government of Sweden offers tax credits for individuals to put solar paneling on 
their homes. 
2. Sandra takes out a loan to invest in a new business opportunity. 
3. A local sandwich shop shuts down during a recession. 
4. None of these are microeconomic issues. -Correct Answer-1, 2, and 3 
True or false: Macroeconomics...
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HACC ECON 201 Questions & Answers | 100% Correct | Verified 2024
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GDP stands for? - GROSS DOMESTIC PRODUCT 
GDP measures? - total output of goods and services 
Real GDP is calculated using? - Constant prices 
The U.S. is currently growing faster than its long term average trend. - True 
The U.S. has the ____ GDP in the world and the ____ per capita GDP in the world. - other 
Any citizen of the U.S. over the age of 16 and less than 65 who does not have a job is counted as 
unemployed in the government's unemployment figures. - False 
Unemployment is lower curr...
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FSOT Economics Latest Update 100% Correct
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FSOT Economics Latest Update 100% 
 
Correct 
 
Gross Domestic Product (GDP) The sum value of all goods and services produced within a 
country. 
 
Gross National Product (GNP) The sum value of all goods and services produced by 
permanent residents of a country regardless of their location. 
 
Stagflation A stagnant economy with a high level of inflation--price level increases and 
output decreases 
 
Consumer Price Index (CPI) A cost of living index that measures the total cost of goods and 
s...
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GCSE AQA - Macroeconomics Complete Revision questions and answers
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State the six macroeconomic objectives 
Maintaining full employment 
Economic growth 
Achieving price stability 
Balacing exports and imports 
Environmental sustainability 
Reducing inequality 
 
 
 
Give examples of how different macroeconomic objectives can conflict with each other 
Economic growth and stable inflation 
Economic growth and balance of payments 
Unemployment and stable inflation 
Economic growth and inequality 
Economic growth and environmental sustainability. 
 
 
 
Explain wha...
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Bloomberg Economics Test Questions and Answers 100% Solved
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Bloomberg Economics Test Questions 
Questions and Answers 100% Solved 
Gross Domestic Product (GDP) ️️Market value of all goods and services produced in a 
country- broadest and most comprehensive barometer of economic activity 
GDP formula ️️C+I+G+(X-M) 
C (consumption) I (Investment-$spent by businesses) G(government spending) X (exports) 
M(imports *if you see the term net exports they have already subtracted X-M* 
Five Economic Indicators ️️Economic growth 
Inflation 
Unemplo...
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Econ 104, Goffe, PSU Exam Questions And Answers 100% Verified
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Econ 104, Goffe, PSU Exam Questions And 
Answers 100% Verified 
GDP - answerthe market value of all FINAL goods and services produced in a country 
during a period of time. 
GDP equation - answerGDP(Y)=C (consumption) + I (investments) +G (gov purchases) 
+NX (net exports) 
Consumption - answerexpenditures made by households (excluding the purchase of a new 
house) 
Investment - answerFinal goods and services purchased by business firms (equipment for 
production and new buildings), changes in i...
-
Econ 104, Goffe, PSU Exam Questions And Answers 100% Verified
- Exam (elaborations) • 10 pages • 2024
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Econ 104, Goffe, PSU Exam Questions And 
Answers 100% Verified 
GDP - answerthe market value of all FINAL goods and services produced in a country 
during a period of time. 
GDP equation - answerGDP(Y)=C (consumption) + I (investments) +G (gov purchases) 
+NX (net exports) 
Consumption - answerexpenditures made by households (excluding the purchase of a new 
house) 
Investment - answerFinal goods and services purchased by business firms (equipment for 
production and new buildings), changes in i...
-
FSOT Economics Terms Correctly Answered Questions| UpToDate | Already Graded A+
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Gross Domestic Product (GDP) 
: The sum value of all goods and services produced within a country. 
Gross National Product (GNP) 
: The sum value of all goods and services produced by permanent residents of a 
country regardless of their location. 
Stagflation 
: A stagnant economy with a high level of inflation--price level increases and 
output decreases 
Consumer Price Index (CPI) 
: A cost of living index that measures the total cost of goods and services 
purchased by a typical consumer ...
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