KSU ECON 1100 - Exam 3 ECON 1100 (4 pages)

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Exam 3 ECON 1100



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Exam 3 ECON 1100

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Pages:
4
School:
Kennesaw State University
Course:
Econ 1100 - Global Economics
Global Economics Documents

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ECON 1100 Global Economics Section 09 Exam 3 Answer Key Fall 2007 Version C Multiple Choice Questions 2 12 points each 1 Immediately following World War II most countries around the world c increased the role of government in the economy 2 Which of the following industry would NOT be considered part of the Commanding Heights of an economy c Entertainment Industry 3 was elected Prime Minister of the United Kingdom in a landslide victory in 1945 right before the end of World War II a Clement Atlee 4 After the Nationalization of the Commanding Heights of the British economy b 20 of Britain s workforce was employed in nationalized enterprises 5 The period of prosperity and economic expansion following World War II was known as the in France d Thirty Glorious Years 6 refers to a situation where government spending is greater than government revenues a A deficit 7 The General Theory of Employment Interest and Money was written by d John Maynard Keynes 8 During the 1920 s many investors in the U S purchased stock on margin This means that they b borrowed money in order to purchase stock 9 The Economic Calculation Problem argued that c without the information provided by market prices it is impossible to rationally allocate resources 10 Which of the following was NOT one of the common techniques used for privatizing government owned enterprises when Margaret Thatcher was Prime Minister c Auctioning of the enterprise to a single buyer in the general public 11 The trigger a worldwide financial crisis at the start of the Great Depression c Stock Market Crash of 1929 12 was an economist of the Chicago School of economic thought who was influential in the formation of Monetarism as an alternative to Keynesianism d Milton Friedman 13 The Phillips Curve illustrates a the tradeoff between unemployment and inflation that an economy faces 14 The Golden Share refers to c a mechanism which allowed the government to prevent control of a privatized enterprise from falling into unsuitable



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