ECO 372 Final Exam
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ECO 372 final exam

As a country develops economically, what changes usually take place in the goods it exports?
•	 
Exports go from being diversified to being specialized in whatever the country finds to its comparative advantage.
•	 
Raw materials and agricultural products decline in importance and are replaced by services and manufactured goods.
•	 
Services and manufactured goods decline in importance and are replaced by raw materials and agricultural products.
•	 
There is little ch...
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ECO 372 final exam•ECO 372 final exam
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ECO 372 Final Exam (3 sets), ECO 372 Final Exam Guide (New 2018), (Already graded A )• By QUIZBANK
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ECO 372 final exam

As a country develops economically, what changes usually take place in the goods it exports?
•	 
Exports go from being diversified to being specialized in whatever the country finds to its comparative advantage.
•	 
Raw materials and agricultural products decline in importance and are replaced by services and manufactured goods.
•	 
Services and manufactured goods decline in importance and are replaced by raw materials and agricultural products.
•	 
There is little ch...
ECO 372 Final Exam (New)

1. News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren't selling well. 
GM isn't sure when the plant will reopen. What type of unemployment describes the workers' situation?
§ Frictional unemployment
§ Structural unemployment
§ Full unemployment
§ Cyclical unemployment
 
2. Globalization that allows governments to pursue expansionary policies can be dangerous because it can lead to:
...
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- • 7 pages's •
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ECO 372 Final Exam•ECO 372 Final Exam
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ECO 372 Final Exam (New)

1. News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren't selling well. 
GM isn't sure when the plant will reopen. What type of unemployment describes the workers' situation?
§ Frictional unemployment
§ Structural unemployment
§ Full unemployment
§ Cyclical unemployment
 
2. Globalization that allows governments to pursue expansionary policies can be dangerous because it can lead to:
...
ECO 372 Final Exam (New)
1. News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren't selling well. 
GM isn't sure when the plant will reopen. What type of unemployment describes the workers' situation?
§ Frictional unemployment
§ Structural unemployment
§ Full unemployment
§ Cyclical unemployment
 
2. Globalization that allows governments to pursue expansionary policies can be dangerous because it can lead to:
§ A re...
- Answers
- • 7 pages's •
-
ECO 372 Final Exam•ECO 372 Final Exam
Preview 2 out of 7 pages
ECO 372 Final Exam (New)
1. News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren't selling well. 
GM isn't sure when the plant will reopen. What type of unemployment describes the workers' situation?
§ Frictional unemployment
§ Structural unemployment
§ Full unemployment
§ Cyclical unemployment
 
2. Globalization that allows governments to pursue expansionary policies can be dangerous because it can lead to:
§ A re...
ECO 372 Final Exam
1 The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will:
 
decrease the net imports of the domestic country by $5,000.
decrease the consumption expenditure in the domestic country by $5,000.
reduce the net exports of the domestic country by $5,000.
increase the gross domestic product of the domestic country by $5,000.
 
 
2 The table given below shows the total amount of spending in the country of Meso...
- Answers
- • 7 pages's •
-
ECO 372 Final Exam•ECO 372 Final Exam
Preview 1 out of 7 pages
ECO 372 Final Exam
1 The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will:
 
decrease the net imports of the domestic country by $5,000.
decrease the consumption expenditure in the domestic country by $5,000.
reduce the net exports of the domestic country by $5,000.
increase the gross domestic product of the domestic country by $5,000.
 
 
2 The table given below shows the total amount of spending in the country of Meso...
- Package deal
- Answers
- • 8 pages's •
-
ECO 372 Final Exam•ECO 372 Final Exam
-
ECO 372 Final Exam (3 sets), ECO 372 Final Exam Guide (New 2018), (Already graded A )• By QUIZBANK
Preview 2 out of 8 pages