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ECN 202 FINAL QUESTIONS AND CORRECT ANSWERS

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ECN 202 FINAL QUESTIONS AND CORRECT ANSWERS

Institution
ECN 202
Course
ECN 202

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a wage rising slower that the rate of inflation is actually falling


T/F


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true

wages are inc. slower that the avg prices of goods and services, purchasing
power falls




to determine whether to invest in 3D equipment, you should


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, compare the additional revenue from presenting 3D movies with the
additional cost for 3D movie equipment




what factors would cause USA labor productivity to be nearly 6 times higher than
Russian labor productivity


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USA has more capital available per worker and has higher levels of
technology




GDP is an imperfect measure of economic well being b/c it fails to measure what
types of production?


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-household production
-underground economy




how might a lender intending to resell a mortgage act differently than a lender
intending to hold a mortgage


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the lender might make more risky loans

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