Eco 401 Final Exam Guide ( 25/25 Correct Answers )

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ECO 401 Final Exam Guide ( 25/25 Correct Answers ) http://homeworklance.com/downloads/eco-401-final-exam-guide-2525-correct-answers/ Governments protect domestic industries from foreign competition by _____________. ► Encouraging agreements like NAFTA.
► Using tariff and non tariff barriers.
► Discouraging union membership.
► Keeping the minimum wage low. 2. What would result from a depreciation of the pound on the foreign exchange market? ► An increase in the price of imported computers.
► A fall in the purchasing power of US tourists in London.
► A fall in the price of imported computers.
► An increase in the purchasing power of UK tourists overseas. 3. Disposable income is: ► Total income plus transfer payments.
► Total income minus saving.
► Total income plus net taxes.
► Total income minus net taxes. 4. Which of the following policy options would simultaneously increase interest rates and decrease output? ► The central bank sells bonds through open market operations.
► The federal government increases its defense purchases.
► The central bank expands the money supply.
► The federal government increases the tax rate. 5. increase in the money supply will cause interest rates to: ► Rise.
► Fall.
► Remain unchanged.
► None of the given options. 6. Fiscal policy is the government program with respect to its: ► Expenditure and tax revenue.
► Increase in unemployment.
► Steel Mill Privatization.
► Unemployment reduction.
.
7 . expansionary fiscal policy can:

► Raise the national debt. ► Decrease the national debt. ► Have no effect on national debt. ► None of the given options.

8. war destroys a large portion of a country’s capital stock but the saving rate is unchanged, the exogenous model…...

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