C211 WGU OA ACTUAL FINAL PAPER UPDATED
QUESTIONS AND ANSWERS GRADED A+
✔✔If the government increases it's purchase by $10. billion the aggregate demand for
goods and services could rise by more than $10 billion what does this illustrate? -
✔✔Multiplier effect
✔✔Which fiscal policy will rusty in rightward shift on the aggregate demand curve? -
✔✔Expanding government purchases
✔✔Which two statements describe gross domestic product (GDP) - ✔✔GDP is the most
used measure of a country economic well being
GDP measures the market value of all final goods and services
✔✔A man is willing to pay $300 for a pair of boots and purchases it for $200 what does
this indicate? - ✔✔The consumer surplus will be $100
✔✔A US Citizen has been living and working in Canada for the last 10 years. Where is
the values of the individuals production counted? - ✔✔US GNP and Canada GDP
✔✔Which strategy for entering a foreign market has the highest degree of risk? -
✔✔Wholly Owned Industry
✔✔Which code of entry provides advantages to a multinational firm that can be
transferred within the firm at a very low cost? - ✔✔Licensing
✔✔Which term describes currency derivatives to reduce potential transaction,
translation and economic risks of currency movement that could lead to loses for a firm
or investment? - ✔✔Hedging
✔✔What advantages do corporations receive when operating in a favorable area within
a given country? - ✔✔Location Specific
✔✔Which body guides economic activity in a command economy? - ✔✔The
government
✔✔Which price will a monopoly set? - ✔✔Above marginal cost
✔✔Which condition determines the profit maximizing output for a monopolist? -
✔✔Marginal revenue equals marginal cost
✔✔How does oligopoly represent a prisoner's dilemma? - ✔✔It depends the difficulty in
maintaining cooperation's agreement
QUESTIONS AND ANSWERS GRADED A+
✔✔If the government increases it's purchase by $10. billion the aggregate demand for
goods and services could rise by more than $10 billion what does this illustrate? -
✔✔Multiplier effect
✔✔Which fiscal policy will rusty in rightward shift on the aggregate demand curve? -
✔✔Expanding government purchases
✔✔Which two statements describe gross domestic product (GDP) - ✔✔GDP is the most
used measure of a country economic well being
GDP measures the market value of all final goods and services
✔✔A man is willing to pay $300 for a pair of boots and purchases it for $200 what does
this indicate? - ✔✔The consumer surplus will be $100
✔✔A US Citizen has been living and working in Canada for the last 10 years. Where is
the values of the individuals production counted? - ✔✔US GNP and Canada GDP
✔✔Which strategy for entering a foreign market has the highest degree of risk? -
✔✔Wholly Owned Industry
✔✔Which code of entry provides advantages to a multinational firm that can be
transferred within the firm at a very low cost? - ✔✔Licensing
✔✔Which term describes currency derivatives to reduce potential transaction,
translation and economic risks of currency movement that could lead to loses for a firm
or investment? - ✔✔Hedging
✔✔What advantages do corporations receive when operating in a favorable area within
a given country? - ✔✔Location Specific
✔✔Which body guides economic activity in a command economy? - ✔✔The
government
✔✔Which price will a monopoly set? - ✔✔Above marginal cost
✔✔Which condition determines the profit maximizing output for a monopolist? -
✔✔Marginal revenue equals marginal cost
✔✔How does oligopoly represent a prisoner's dilemma? - ✔✔It depends the difficulty in
maintaining cooperation's agreement
