Eco 372 final exam Study guides, Class notes & Summaries
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ECONOMICS 372 Final Exam Guide 1- ECO 372 Final Exam 1 Study Guide Questions and Answers
- Exam (elaborations) • 16 pages • 2022
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1. 
Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____. 
•	 
 
$2 
•	 
 
$204 
•	 
 
$200 
•	 
 
$4 
 
 
2 
The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LR...
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Eco 372 Final Exam 1.Question and Answers
- Exam (elaborations) • 8 pages • 2022
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Eco 372 Final Exam 1.Question and Answers
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ECO 372 / ECO372 Final Exam.
- Exam (elaborations) • 14 pages • 2022
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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 ...
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ECO 372 / ECO372 Final Exam Guide 1.
- Exam (elaborations) • 16 pages • 2022
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1. 
Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____. 
•	 
 
$2 
•	 
 
$204 
•	 
 
$200 
•	 
 
$4 
 
 
2 
The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LR...
-
ECONOMICS 372 Final Exam- ECO 372 Final Exam Study Guide (Latest Result - 30/30)
- Exam (elaborations) • 7 pages • 2022
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ECO/372 Final Exam (Result - 30/30) 
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 c...
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ECO 372 Final Exam- Questions & Answers (100%)
- Exam (elaborations) • 14 pages • 2020
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ECO 372 Final Exam- Questions & Answers 
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....
-
ECO 372 Final Exam Guide Latest/ECO 372 Final Exam Guide Latest
- Exam (elaborations) • 10 pages • 2022
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ECO 372 Final Exam Guide Latest/ECO 372 Final Exam Guide Latest 
ECO 372 Final Exam Guide Latest/ECO 372 Final Exam Guide Latest 
ECO 372 Final Exam Guide Latest/ECO 372 Final Exam Guide Latest 
ECO 372 Final Exam Guide Latest/ECO 372 Final Exam Guide Latest 
ECO 372 Final Exam Guide Latest/ECO 372 Final Exam Guide Latest 
ECO 372 Final Exam Guide Latest/ECO 372 Final Exam Guide Latest
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ECONOMICS 372 Final Exam 3- ECO 372 Final Exam 3 Latest Study Guide Questions and Answers
- Exam (elaborations) • 7 pages • 2022
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1.	the largest source of household income is in the U.S. is obtained 
a.	stock dividends 
b.	wages and salaries 
c.	interest earnings 
d.	rental income 
 
 market where business sell goods and services to households and the government is called 
a.	goods market 
b.	factor market 
c.	capital market 
d.	money market 
 
 gross domestic product is best defined as 
a.	the market value of intermediate goods and services produced in an economy including exports 
b.	all goods and services produced in a...
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Eco 372 Final Exam - Questions & Answers -Graded A
- Exam (elaborations) • 8 pages • 2020
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Eco 372 Final Exam - Questions & Answers -Graded A 
 
Eco 372 Final Exam 
 
 
 
1. The buyers and sellers in the country of Perylia use corn as a medium of exchange. This means that: 
	A. Perylia uses commodity money. 
2. Suppose the Fed purchases government bonds through open-market operations. All other things remaining equal, this is likely to 
	A. increase the price level and eventually decrease the demand for money as well as goods and 	services. 
3. As more capital is used in the productio...
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ECO 372 / ECO372 Final Exam 3.
- Exam (elaborations) • 7 pages • 2022
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1.	the largest source of household income is in the U.S. is obtained 
a.	stock dividends 
b.	wages and salaries 
c.	interest earnings 
d.	rental income 
 
 market where business sell goods and services to households and the government is called 
a.	goods market 
b.	factor market 
c.	capital market 
d.	money market 
 
 gross domestic product is best defined as 
a.	the market value of intermediate goods and services produced in an economy including exports 
b.	all goods and services produced in a...
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