UNC PLCY 110 FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

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UNC PLCY 110 FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS gains from trade - Answer -Each country can concentrate its efforts on what it does best (specialize) and trade some of those goods for goods that other countries produce most efficiently Protectionism - Answer -Government policy of restricting imports to "protect" domestic industries from foreign competition race to the bottom - Answer -a dynamic in which states compete to attract business by lowering taxes and regulations, often to workers' detriment S-shaped curve - Answer -shows income in the future as opposed to income today and shows at what point people get stuck in a poverty trap time inconsistency - Answer -tendency to systematically misjudge at the present time what you will want to do at some future time public goods - Answer -Goods that are neither excludable nor rival in consumption free riders - Answer -people who benefit from the group but give little in return Externalities - Answer -economic side effects or by-products that affect an uninvolved third party; can be negative or positive Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com institutions - Answer -a mechanism of social order governing the behavior of individuals within a community moral hazard - Answer -Arises when people behave recklessly because they know they will be saved if things go wrong Adverse Selection - Answer -the situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction fraud - Answer -A deliberate deception intended to secure an unfair or unlawful gain cash transfers - Answer -direct payments of money to eligible poor people migrant - Answer -traveler who moves from one region or country to another refugee - Answer -A person who has been forced to leave their country in order to escape war, persecution, or natural disaster asylum seeker - Answer -Someone who has migrated to another country in the hope of being recognized as a refugee internally displaced - Answer -someone who is forced to leave his or her home and community but who remains in the same country proscriptive - Answer -forbidding or restricting something prescriptive - Answer -of or relating to the imposition or enforcement of a rule or Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com