1|Page
ECO 182 FINAL EXAM LATEST WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS
ALREADY GRADED A+ 100% GUARANTEED
PASS!
1. If a certain combination of goods or services lies
outside the production possibilities curve of an economy,
which of the following is true?
a. Effective trade barriers have reduced foreign imports
into the economy.
b. New technology is being used in production.
c. Resources are not available to achieve that
combination of goods or services.
d. Resources are not being used efficiently to achieve
that combination of goods or services.
e. Resources are being used at a more rapid rate than
they were in the past - .....ANSWER ...✔✔
C.Resources are not
2. Which of the following groups would most likely gain
from unanticipated inflation?
a. Landlords who own apartments in cities with rent
controls
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b. Individuals who have fixed retirement incomes
c. Individuals who earn high incomes
d. Individuals who have borrowed money at fixed
interest rates
e. Banks that have loaned all excess reserves at a fixed
interest rate - .....ANSWER ...✔✔ D.Individuals
3. With a constant money supply, if the demand for
money decreases, the equilibrium interest rate and
quantity of money will change in which of the following
ways?
Interest Rate Quantity of Money
a.
Increase Decrease
b.
Increase Not change
c.
Decrease Decrease
d.
Decrease Increase
E.
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Decrease Not change - .....ANSWER ...✔✔
E.Decrease
4. According to the graph above, an increase in
aggregate supply will most likely cause income and
employment to change in which of the following ways?
Income Employment
a.
Decrease Decrease
b.
Decrease Increase
c.No change Increase
d.Increase Decrease
e.Increase Increase - .....ANSWER ...✔✔ E.increase
increase
5. If the exchange rate between the United States dollar
($) and the British pound (£) changed from $2 per £1 to
$3 per £1, and domestic prices in both countries stayed
the same, then the United States dollar would
a. depreciate, making United States imports from Britain
more expensive
b. depreciate, making United States imports from Britain
cheaper
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c. appreciate, making United States imports from Britain
more expensive
d. appreciate, making United States imports from Britain
cheaper
e. purchase 3 times more British goods than before the
change occurred - .....ANSWER ...✔✔ A.depriciate
6. If an economy is operating with significant
unemployment, an increase in which of the following will
most likely cause employment to increase and the
interest rate to decrease?
a. Purchases of government bonds by the central bank
b. Transfer payments
c. Reserve requirements
d. Government expenditures
e. Investment in basic infrastructure - .....ANSWER
...✔✔ A.Purchases
7. An increase in which of the following is most likely to
promote economic growth?
a. Consumption spending
b. Investment tax credits
c. The natural rate of unemployment
d. The trade deficit
ECO 182 FINAL EXAM LATEST WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED ANSWERS
ALREADY GRADED A+ 100% GUARANTEED
PASS!
1. If a certain combination of goods or services lies
outside the production possibilities curve of an economy,
which of the following is true?
a. Effective trade barriers have reduced foreign imports
into the economy.
b. New technology is being used in production.
c. Resources are not available to achieve that
combination of goods or services.
d. Resources are not being used efficiently to achieve
that combination of goods or services.
e. Resources are being used at a more rapid rate than
they were in the past - .....ANSWER ...✔✔
C.Resources are not
2. Which of the following groups would most likely gain
from unanticipated inflation?
a. Landlords who own apartments in cities with rent
controls
,2|Page
b. Individuals who have fixed retirement incomes
c. Individuals who earn high incomes
d. Individuals who have borrowed money at fixed
interest rates
e. Banks that have loaned all excess reserves at a fixed
interest rate - .....ANSWER ...✔✔ D.Individuals
3. With a constant money supply, if the demand for
money decreases, the equilibrium interest rate and
quantity of money will change in which of the following
ways?
Interest Rate Quantity of Money
a.
Increase Decrease
b.
Increase Not change
c.
Decrease Decrease
d.
Decrease Increase
E.
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Decrease Not change - .....ANSWER ...✔✔
E.Decrease
4. According to the graph above, an increase in
aggregate supply will most likely cause income and
employment to change in which of the following ways?
Income Employment
a.
Decrease Decrease
b.
Decrease Increase
c.No change Increase
d.Increase Decrease
e.Increase Increase - .....ANSWER ...✔✔ E.increase
increase
5. If the exchange rate between the United States dollar
($) and the British pound (£) changed from $2 per £1 to
$3 per £1, and domestic prices in both countries stayed
the same, then the United States dollar would
a. depreciate, making United States imports from Britain
more expensive
b. depreciate, making United States imports from Britain
cheaper
, 4|Page
c. appreciate, making United States imports from Britain
more expensive
d. appreciate, making United States imports from Britain
cheaper
e. purchase 3 times more British goods than before the
change occurred - .....ANSWER ...✔✔ A.depriciate
6. If an economy is operating with significant
unemployment, an increase in which of the following will
most likely cause employment to increase and the
interest rate to decrease?
a. Purchases of government bonds by the central bank
b. Transfer payments
c. Reserve requirements
d. Government expenditures
e. Investment in basic infrastructure - .....ANSWER
...✔✔ A.Purchases
7. An increase in which of the following is most likely to
promote economic growth?
a. Consumption spending
b. Investment tax credits
c. The natural rate of unemployment
d. The trade deficit
