BUS 313 Mostly Final Exam Question
and answers correctly solved 2026
the "prices of money include: - correct answer ✔-a price relative to time (interest)
-the price relative to foreign currency (foreign exchange rate
-the price relative to goods an services (aggregate price level
foreign corrupt practices act - correct answer ✔-specifies appropriate corporate accounting procedure
-specifies anti-bribery procedures
Current account - correct answer ✔Exports and credit balance
Financial Accoujnt - correct answer ✔Imports and debit balance
What generates more savings to finance a country's investment - correct answer ✔-increase in
imports
-decrease in government expenditures
-an increase in taxes
Explanations for national differences - correct answer ✔-Human Capital
-Institutions such as property rights and the rule of law
-geography
GDP can be measured using - correct answer ✔-expenditures on final goods and services
-income generate during production
, Society's ultimate budget constraint - correct answer ✔the amount of output produced
Output can decline because of - correct answer ✔-Natural disasters
-The immaterial device of the mind
-Epidemics
Rent-seeking - correct answer ✔obtaining special treatment by the government at the expense of
society as a whole
Philips Curve - correct answer ✔-suggest an inverse relationship between inflation and unemployment
- Y-axis is Inflation rate(%)
- X-axis is Unemployment Rate (%)
-high Y value and low x value = overheating
- low y value and high x value =recession
- Fed Resrve's "dual mandate" is difficult to achieve
- Fails to consider "supply shocks"
- needs modification to allow expectations of inflation
Competitiveness depends on three factors: - correct answer ✔- the nominal exchange rate
- Inflation in on country
- Inflation in the other country
%ch A = %ch B - (%ch D - %ch C) - correct answer ✔A = real exchange rate (yen/$)
B = nominal exchange rate (Yen/$)
C = US prices
D = Japan prices
and answers correctly solved 2026
the "prices of money include: - correct answer ✔-a price relative to time (interest)
-the price relative to foreign currency (foreign exchange rate
-the price relative to goods an services (aggregate price level
foreign corrupt practices act - correct answer ✔-specifies appropriate corporate accounting procedure
-specifies anti-bribery procedures
Current account - correct answer ✔Exports and credit balance
Financial Accoujnt - correct answer ✔Imports and debit balance
What generates more savings to finance a country's investment - correct answer ✔-increase in
imports
-decrease in government expenditures
-an increase in taxes
Explanations for national differences - correct answer ✔-Human Capital
-Institutions such as property rights and the rule of law
-geography
GDP can be measured using - correct answer ✔-expenditures on final goods and services
-income generate during production
, Society's ultimate budget constraint - correct answer ✔the amount of output produced
Output can decline because of - correct answer ✔-Natural disasters
-The immaterial device of the mind
-Epidemics
Rent-seeking - correct answer ✔obtaining special treatment by the government at the expense of
society as a whole
Philips Curve - correct answer ✔-suggest an inverse relationship between inflation and unemployment
- Y-axis is Inflation rate(%)
- X-axis is Unemployment Rate (%)
-high Y value and low x value = overheating
- low y value and high x value =recession
- Fed Resrve's "dual mandate" is difficult to achieve
- Fails to consider "supply shocks"
- needs modification to allow expectations of inflation
Competitiveness depends on three factors: - correct answer ✔- the nominal exchange rate
- Inflation in on country
- Inflation in the other country
%ch A = %ch B - (%ch D - %ch C) - correct answer ✔A = real exchange rate (yen/$)
B = nominal exchange rate (Yen/$)
C = US prices
D = Japan prices
