Ecn 211 exam 2025 - Study guides, Class notes & Summaries
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ECN 211 Exam 2 – Marburger | Questions and Correct Answers | Latest Update 2024/2025
- Exam (elaborations) • 21 pages • 2024
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ECN 211 Exam 2 – Marburger | 
Questions and Correct 
Answers | Latest Update 
2024/2025 
Tariff - Answer -A tax on imported goods 
Who benefits/loses from free trade? - Answer -1. Foreign producers of 
steel (exports steel to US) 
2. Buyers of steel and steel-related products (price falls and quantity 
increases) 
Who is worse off because of free trade? 
1. Domestic producer of steel (sells lower quantity and at a lower price) 
Who benefits from tariffs? (US steel producers example) - Answer -...
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ASU ECN 211 EXAM 2 Review (Chapter 11-12 & 15-16) Questions and Answers 100% Correct | 2024-2025
- Exam (elaborations) • 15 pages • 2024
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ASU ECN 211 EXAM 2 Review (Chapter 11-12 & 15-16) Questions and Answers 100% Correct |
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ECN 211 EXAM 2 ASU | Questions and Correct Answers | Latest Update 2024/2025
- Exam (elaborations) • 6 pages • 2024
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ECN 211 EXAM 2 ASU | 
Questions and Correct 
Answers | Latest Update 
2024/2025 
GDP is - Answer -value of all final goods and services produced within a 
country in a given period of time. 
Y = C + I + G + NX - Answer -Y = economy's total expenditure 
C = consumption in economy 
I = imports in economy 
G = government spending 
NX = net exports 
Net exports equal - Answer -exports minus imports 
CPI is used to - Answer -monitor changes in the cost of living over time 
Inflation rate - Answer -p...
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ECN 211 ASU FINAL EXAM MARBURGER QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+ LATEST UPDATE 2024/2025
- Exam (elaborations) • 24 pages • 2024
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ECN 211 ASU FINAL EXAM MARBURGER QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+ LATEST UPDATE 2024/2025
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ECN 211 ASU Exam Questions With Answers 2024/2025
- Exam (elaborations) • 13 pages • 2024
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ECN 211 ASU Exam Questions With Answers 2024/2025
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ECN 211 Exam 3 – Marburger Exam | Questions and Correct Answers | Latest Update 2024/2025
- Exam (elaborations) • 30 pages • 2024
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ECN 211 Exam 3 – Marburger 
Exam | Questions and Correct 
Answers | Latest Update 
2024/2025 
Financial Markets - Answer -People save money that they don't intend 
to spend anytime soon 
Businesses need money to finance capital investment 
The purpose of financial markets is to match up savings with investment 
Banks are the primary financial institutions that seek to match up 
savings with investment 
Capital Investments - Answer -Capital investment allows a country to 
produce more goods an...
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ECN 211 Exam Questions With 100% Correct Answers 2024/2025
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ECN 211 Exam Questions With 100% Correct Answers 2024/2025
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ECN 211 : Final Exam Review | Questions and Correct Answers | Latest Update 2024/2025
- Exam (elaborations) • 12 pages • 2024
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ECN 211 : Final Exam Review | 
Questions and Correct 
Answers | Latest Update 
2024/2025 
Real GDP is commonly used for what? - Answer -Short run changes. 
When real GDP falls, so does what? - Answer -- Personal income 
- Corporate profits 
- Consumer spending 
- Investment spending 
- Industrial production 
When the overall economy declines that is due to what? - Answer -- 
Reduction in spending in factories 
- Housing 
- Inventory 
When real GDP declines, what happens to the unemployment rate?...
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ECN 211 - Exam 1 | Questions and Correct Answers | Latest Update 2024/2025
- Exam (elaborations) • 8 pages • 2024
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ECN 211 - Exam 1 | Questions 
and Correct Answers | Latest 
Update 2024/2025 
Utility - Answer -Pleasure or satisfaction obtained from consuming a 
good or service 
Economizing Problem - Answer -Wants exceed means 
Economizing Problem - Answer -Limited resources vs. unlimited wants 
Individuals Economizing Problem - Answer -Budget Line 
Society's Economizing Problem - Answer -Production Possibilities 
Frontier (PPF): 
Factors of production - Answer -the resources the economy uses to 
produce go...
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ECN 211 ASU Final Exam Marburger | Questions and Correct Answers | Latest Update 2024/2025
- Exam (elaborations) • 9 pages • 2024
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ECN 211 ASU Final Exam 
Marburger | Questions and 
Correct Answers | Latest 
Update 2024/2025 
The Circular Flow Diagram - Answer -Green arrows represent the flow of 
money and red represents to flow of goods/services 
Production possibilities Frontier/ Curve PPF: PPC - Answer -The curve 
shows what is possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
PPF shifts out when... - Answer -the economy can produce more of 
everything 
Opportunity Cost - An...
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