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ECON 200 UOFA EXAM 3 LATEST 2025 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
1) Which of these solutions is the BEST way to avoid the buildup
of debt?
A) Match the growth of the money supply to the long-run growth
of the economy
B) Balance the budget over the course of the business cycle
C) The Federal Reserve creates hyperinflation to make the debt
worthless
D) Give the President a line item veto on everything Congress
passes - ANSWER-Balance the budget over the course of the
business cycle
The US National Debt is approximately
A) 180 million dollars
B) 1.8 billion dollars
C) 18 trillion dollars
D) 180 quadrillion dollars - ANSWER-18 trillion dollars
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By 2030, how many workers will there be to support each Social
Security recipient?
A) 12
B) 6
C) 2
D) 20 - ANSWER-2
Countries that engage in trade will tend to specialize in the
production of goods and services in which they have ________
and will ________ these goods and services
A) a comparative advantage; import
B) an absolute advantage; export
C) a comparative advantage; export
D) an absolute advantage; import - ANSWER-a comparative
advantage; export
Which of the following statements is true?
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A) All individuals in both countries are made better off as a result
of international trade.
B) Within each country, some individuals are made better off as a
result of international trade, but one of the countries will be worse
off overall.
C) Although some individuals are made better off as a result of
international trade, both countries may be made worse off overall.
D) Each country as a whole is made better off as a result of
international trade, but individuals within each country may be
made worse off. - ANSWER-D) Each country as a whole is made
better off as a result of international trade, but individuals within
each country may be made worse off.
Which of these is an argument used to restrict foreign trade?A)
Large US corporations need protection from multinational firms
B) Infant-industries need to be protected until they can compete
globally
C) Our education system should be exclusively for US citizens
D) The US infrastructure (roads, bridges, and railroads) are
crumbling and cannot handle a large influx of imports - ANSWER-
ECON 200 UOFA EXAM 3 LATEST 2025 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
1) Which of these solutions is the BEST way to avoid the buildup
of debt?
A) Match the growth of the money supply to the long-run growth
of the economy
B) Balance the budget over the course of the business cycle
C) The Federal Reserve creates hyperinflation to make the debt
worthless
D) Give the President a line item veto on everything Congress
passes - ANSWER-Balance the budget over the course of the
business cycle
The US National Debt is approximately
A) 180 million dollars
B) 1.8 billion dollars
C) 18 trillion dollars
D) 180 quadrillion dollars - ANSWER-18 trillion dollars
,2|Page
By 2030, how many workers will there be to support each Social
Security recipient?
A) 12
B) 6
C) 2
D) 20 - ANSWER-2
Countries that engage in trade will tend to specialize in the
production of goods and services in which they have ________
and will ________ these goods and services
A) a comparative advantage; import
B) an absolute advantage; export
C) a comparative advantage; export
D) an absolute advantage; import - ANSWER-a comparative
advantage; export
Which of the following statements is true?
, 3|Page
A) All individuals in both countries are made better off as a result
of international trade.
B) Within each country, some individuals are made better off as a
result of international trade, but one of the countries will be worse
off overall.
C) Although some individuals are made better off as a result of
international trade, both countries may be made worse off overall.
D) Each country as a whole is made better off as a result of
international trade, but individuals within each country may be
made worse off. - ANSWER-D) Each country as a whole is made
better off as a result of international trade, but individuals within
each country may be made worse off.
Which of these is an argument used to restrict foreign trade?A)
Large US corporations need protection from multinational firms
B) Infant-industries need to be protected until they can compete
globally
C) Our education system should be exclusively for US citizens
D) The US infrastructure (roads, bridges, and railroads) are
crumbling and cannot handle a large influx of imports - ANSWER-
