ECONOMICS COMULATIVE EXAM QUESTIONS AND GRADED
ANSWERS, 100% GUARANTEE
When the government injects money into the economy, consumers may have more disposable
income, which may lead to - increases in taxes.
If Country A is an agricultural country and Country B has many cities and factories, it would
make sense for - Country A to specialize in growing corn while Country B specializes in
making cars.
Which situation is an example of comparative advantage in an international market? -
Factories in Country A can produce the same number of tablets as factories in Country B,
or the factories in Country A could be used to build more laptops than the factories in Country B.
Which is the best definition of hyperinflation? - an exponential increase in the price of
goods and services
Demand-pull inflation occurs when - consumers begin purchasing more goods.
The graph shows the price of a good compared to the quantity demanded. - A
Why is the slow growth that can result from a contractionary policy a positive effect? - It
can decrease inflation.
Corporate taxes are a type of - Income tax
What new laws did the New York Factory Investigating Commission request? Check all that
apply. - B,D,E
If expansionary taxation policies are left unchecked, which is the most likely result? - B
ANSWERS, 100% GUARANTEE
When the government injects money into the economy, consumers may have more disposable
income, which may lead to - increases in taxes.
If Country A is an agricultural country and Country B has many cities and factories, it would
make sense for - Country A to specialize in growing corn while Country B specializes in
making cars.
Which situation is an example of comparative advantage in an international market? -
Factories in Country A can produce the same number of tablets as factories in Country B,
or the factories in Country A could be used to build more laptops than the factories in Country B.
Which is the best definition of hyperinflation? - an exponential increase in the price of
goods and services
Demand-pull inflation occurs when - consumers begin purchasing more goods.
The graph shows the price of a good compared to the quantity demanded. - A
Why is the slow growth that can result from a contractionary policy a positive effect? - It
can decrease inflation.
Corporate taxes are a type of - Income tax
What new laws did the New York Factory Investigating Commission request? Check all that
apply. - B,D,E
If expansionary taxation policies are left unchecked, which is the most likely result? - B
