PUP 3002 Exam 2 – Questions With A+ Solutions
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Practice questions for this set
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This solution to moral hazards in healthcare can be defined as, if you use
your insurance you pay a fee
Choose an answer
A necessary condition for
1 2 Real GDP
successful economies
3 Copayments 4 Economic growth
Don't know?
Terms in this set (118)
GOVERMENTS that provide
A necessary condition for
1) Safety
successful economies
2) Property rights
, 1) Economic growth
Governments wish to 2) Low inflation
employ what? 3) Full employment
4) Positive balance of trade
The increase in the market value of the good and
Economic Growth
services produced by an economy
A negative economic growth would mean that we
Recession
are in a what?
The percent rate of increase in GDP is the measure
Economic growth
of what?
Low inflation Is low or high inflation desirable?
This occurs when there are too few goods and
Inflation
services available and thus market price increases
At what employment rate 4 to 5%
percentage due we
typically consider is full
employment?
This is potentially desired A positive balance of trade
because the average
citizen believes it is
better to be a net
exporter and import a
smaller portion of what
they consume,
export- imports
Balance of trade:
More exports> job availability
1) At full employment inflation runs high
The trade off: 2) at low inflation, unemployment runs high1) At full
employment inflation runs high
the The ratio that measure the proportion of the
Employment Rate
country's working age population that is employed
The percent rate of increase in GDP that is adjusted
Real GDP
for inflation
Percapita income the growth of the ratio of GDP to population
Save
Practice questions for this set
Learn 1 /7 Study with Learn
This solution to moral hazards in healthcare can be defined as, if you use
your insurance you pay a fee
Choose an answer
A necessary condition for
1 2 Real GDP
successful economies
3 Copayments 4 Economic growth
Don't know?
Terms in this set (118)
GOVERMENTS that provide
A necessary condition for
1) Safety
successful economies
2) Property rights
, 1) Economic growth
Governments wish to 2) Low inflation
employ what? 3) Full employment
4) Positive balance of trade
The increase in the market value of the good and
Economic Growth
services produced by an economy
A negative economic growth would mean that we
Recession
are in a what?
The percent rate of increase in GDP is the measure
Economic growth
of what?
Low inflation Is low or high inflation desirable?
This occurs when there are too few goods and
Inflation
services available and thus market price increases
At what employment rate 4 to 5%
percentage due we
typically consider is full
employment?
This is potentially desired A positive balance of trade
because the average
citizen believes it is
better to be a net
exporter and import a
smaller portion of what
they consume,
export- imports
Balance of trade:
More exports> job availability
1) At full employment inflation runs high
The trade off: 2) at low inflation, unemployment runs high1) At full
employment inflation runs high
the The ratio that measure the proportion of the
Employment Rate
country's working age population that is employed
The percent rate of increase in GDP that is adjusted
Real GDP
for inflation
Percapita income the growth of the ratio of GDP to population
