Economics > EXAM > PLATO / EDMENTUM END OF SEMESTER TEST ECONOMICS 2025 STUDY QUESTIONS WITH CORRECT ANSWERS RATED A+ (All)

PLATO / EDMENTUM END OF SEMESTER TEST ECONOMICS 2025 STUDY QUESTIONS WITH CORRECT ANSWERS RATED A+

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The government of a country has introduced a few economic policies for the current financial year. Which of these policies is John Maynard Keynes most likely to disagree with? - Answer>>> Food expor... ters can export as much wheat as they want, while in the past they were limited to 50 tons. Entrepreneurs are no longer restricted from importing raw materials. Arrange the steps to show the effects of contractionary fiscal policy. - Answer>>> Government - Consumers - Producers - Inflammatory Based on the graph, what is the excess demand for apartments in this economy after the application of rent control? - Answer>>> 19 Match each type of tax to its description. - Answer>>> proportional = Mr. Brown regressive = Rose progressive = Mia What is money supply? - Answer>>> the total amount of money circulating in the economy Match the scenarios with the economic concepts they illustrate. - Answer>>> price of gold = substitution price of gas = income A new factory in a village provides livelihoods = positive A new factory in a village causes noise pollution = negative What economic concept is applied in this statement? By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. - Answer>>> positive externality Which statement is true? - Answer>>> A point on the PPC indicates maximum utilization of available resources. [Show More]

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