Econ 101 final exam 202 - Study guides, Class notes & Summaries
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Final Exam Econ 101 202
- Exam (elaborations) • 16 pages • 2024
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Final Exam Econ 101 2023 
What behavior does the phenomenon known as comparative advantage encourage? 
specialization in production 
The government has been trying to encourage the use of fuel-efficient cars. One way it does this is by 
allowing fuel-efficient cars to use a separate highway lane. This separate lane encourages people to use 
fuel-efficient cars because 
those who place a high value on their scarce time may be encouraged to buy a fuel-efficient car to take 
advantage of the sep...
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Econ 101 - Final Exam 2023 GRADED A LATEST VERSION 2OO QUESTIONS AND ANSWERS
- Exam (elaborations) • 15 pages • 2023
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Econ 101 - Final Exam 2023 GRADED A 
LATEST VERSION 2OO QUESTIONS 
AND ANSWERS 
Which of the following statements correctly identifies a reason why low inflation can 
have a positive benefit to the economy? 
A) 
Inflation increases consumer demand which is necessary for combating 
slowdowns. 
B) Inflation increases consumer confidence, which is an absolute necessity to 
counteract business cycles. 
C)Inflation reduces money costs and hence stimulates an economy during slowdowns. 
D) Infla...
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