WGU C211 PA Global Economics for
Managers (Latest Update )
Questions with Correct Answers {Grade A}
100% Verified
Which fiscal policy would be most effective at raising consumer spending and
expanding aggregate demand? - correct answer Enacting a permanent income tax cut
What is the effect of an increase in the money supply in the short run? - correct
answer Interest rates decrease and aggregate demand for goods and services
increase.
How is consumer surplus represented on a graph? - correct answer The area below
the demand curve and above price
Which two statements define producer surplus?
Choose 2 answers - correct answer The amount the seller is paid minus the cost of
production. The area below the price and above the supply curve on a graph.
, A painter spends $200 on paint. He then bills the homeowner $1,000 to cover his time
and his expenses.
What is the amount of these transactions that is added to gross domestic product
(GDP)? - correct answer $1,000
A U.S. state purchases a fleet of new highway patrol vehicles manufactured in Japan.
Which two statements correctly describe how the components of U.S. gross domestic
product (GDP) are affected?
Choose 2 answers - correct answer Net exports decrease. Government expenditures
increase.
A nation ends a tariff on bananas, which is an imported product.
Managers (Latest Update )
Questions with Correct Answers {Grade A}
100% Verified
Which fiscal policy would be most effective at raising consumer spending and
expanding aggregate demand? - correct answer Enacting a permanent income tax cut
What is the effect of an increase in the money supply in the short run? - correct
answer Interest rates decrease and aggregate demand for goods and services
increase.
How is consumer surplus represented on a graph? - correct answer The area below
the demand curve and above price
Which two statements define producer surplus?
Choose 2 answers - correct answer The amount the seller is paid minus the cost of
production. The area below the price and above the supply curve on a graph.
, A painter spends $200 on paint. He then bills the homeowner $1,000 to cover his time
and his expenses.
What is the amount of these transactions that is added to gross domestic product
(GDP)? - correct answer $1,000
A U.S. state purchases a fleet of new highway patrol vehicles manufactured in Japan.
Which two statements correctly describe how the components of U.S. gross domestic
product (GDP) are affected?
Choose 2 answers - correct answer Net exports decrease. Government expenditures
increase.
A nation ends a tariff on bananas, which is an imported product.
