BUS155 week 4 midterm page 1

BUS155 week 4 midterm page 1 - 1. Question: (TCO 1) A(n)...

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Unformatted text preview: 1. Question: (TCO 1) A(n) _____________ curve shows the relationship between the price of a good and the quantity of that good which people are willing and able to buy in a given time period. Your Answer: demand CORRECT supply utility Laffer Instructor Explanation: Chapter 2 Page 37 Points Received: 5 of 5 2. Question: (TCO 1) As a factor of production, the term capital includes Your Answer: Instructor Explanation: Chapter 1 Page 9 Points Received: 0 of 5 3. Question: (TCO 1) Which of the following is a factor of production? Your Answer: Instructor Explanation: Chapter 1 Page 9 Points Received: 5 of 5 4. Question: (TCO 1) The total value of final goods and services produced within a nation's borders in a given year is known as that nation's Your Answer: Instructor Explanation: Chapter 2 Page 45 Points Received: 5 of 5 5....
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This note was uploaded on 05/23/2010 for the course BUSN BUSN115 taught by Professor Goldwasser during the Spring '10 term at DeVry Chicago O'Hare.

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BUS155 week 4 midterm page 1 - 1. Question: (TCO 1) A(n)...

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