Ecn 211 final Guías de estudio, Notas de estudios & Resúmenes
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ECN 211 final asu questions with correct answers
- Examen • 5 páginas • 2023 Popular
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The opportunity cost of an item is.... Correct Answer-what you give up to get that item 
 
Total output in an economy increases when each person specializes because Correct Answer-each person spends more time producing that product in which they have a comparative advantage in. 
 
The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good, Correct Answer-ha...
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ECN 211 EXAM 2 ASU With Questions and Correct Answers and Complete Solutions.
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ECN 211 EXAM 2 ASU With Questions and Correct Answers and Complete Solutions. 
GDP is - ANSWER value of all final goods and services produced within a country in a 
given period of time. 
Y = C + I + G + NX - ANSWER Y = economy's total expenditure 
C = consumption in economy 
I = imports in economy 
G = government spending 
NX = net exports 
Net exports equal - ANSWER exports minus imports 
CPI is used to - ANSWER monitor changes in the cost of living over time 
Inflation rate - ANSWER percentag...
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ECN 211 FINAL EXAM Questions with 100% Verified Correct Answers Graded A++
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ECN 211 FINAL EXAM Questions with 100% Verified Correct Answers Graded A++ 
When income increases... - Correct Answer demand for inferior goods decrease and demand for normal goods increase 
 
price change causes a movement along - Correct Answer the demand curve (demand increase=right demand decrease=left) 
 
market quantity demand - Correct Answer sum of all individual demands 
 
What would cause a supply curve to shift right? - Correct Answer increase in supply (example: improvement in produc...
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ECN 211 ASU Final Exam Marburger questions with correct answers
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ECN 211 ASU Final Exam Marburger questions with correct answers
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ECN 211 : Final Exam Review questions with correct answers|100% verified|13 pages
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ECN 211 : Final Exam Review questions with correct answers 
Real GDP is commonly used for what? Correct Answer-Short run changes. 
 
When real GDP falls, so does what? Correct Answer-- Personal income 
- Corporate profits 
- Consumer spending 
- Investment spending 
- Industrial production 
 
When the overall economy declines that is due to what? Correct Answer-- Reduction in spending in factories 
- Housing 
- Inventory 
 
When real GDP declines, what happens to the unemployment rate? Correct A...
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ECON 211 FINAL asu, ASU Econ 211 Final Exam, ECN 211 : Final Exam Review, ECN 211 Final (Exams 1, 2, 3) ASU Douglas
- Examen • 34 páginas • 2023
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ECON 211 FINAL asu, ASU Econ 211 Final Exam, ECN 211 : Final Exam Review, ECN 211 Final (Exams 1, 2, 3) ASU Douglas 
The Opportunity Cost of an item is - ANS What you give up to get that item 
 
Total Output in an economy increases when each person specializes because - ANS Each person spends more time producing that product in which he or she has a comparative advantage 
 
The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantiti...
ECN 211 FINAL EXAM ASU LATEST ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|AGRADE
![ASU ECN 211 Final (Exams 1, 2, 3) 2024 with 100% correct answers](/docpics/4178623/659d1d582b321_4178623_121_171.jpeg)
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ASU ECN 211 Final (Exams 1, 2, 3) 2024 with 100% correct answers
- Examen • 18 páginas • 2024
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Which of the following is included in GDP? 
A. recreational marijuana purchased from a drug dealer by a college student? 
B. Recreational marijuana purchased and consumber by a man in his attic. 
C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. 
D. All of the above - correct answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. 
 
you know a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI to...
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ECN 211 Final (Exams 1, 2, 3) ASU Douglas Questions And Answers All Verified
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ECN 211 Final (Exams 1, 2, 3) ASU Douglas Questions And Answers All Verified 
Which of the following is included in GDP? 
A. recreational marijuana purchased from a drug dealer by a college student? 
B. Recreational marijuana purchased and consumed by a man in his attic. 
C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. 
D. All of the above - ANS C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. 
 
you know a candy bar c...
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ASU ECN 211 FINAL EXAM 2024 WITH 100% CORRECT ANSWERS
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Refer to the figure. If the government imposes a minimum wage of $9, then how many workers will be employed? - correct answer 6,000 
 
Which of the following Fed actions would increase the money supply? - correct answer Buy bonds 
 
A soft drink cost $1.75 in 2019. The value for the CPI in 1965 is 60.2 and the value of the CPI for 2019 is 236.2, what is the price of a soft drink in 1965 dollars? - correct answer $0.45 
 
Refer to the figure. If the economy starts at Y, then W represents: -...
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