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BUS155 week 4 midterm page 1

BUS155 week 4 midterm page 1 - 1 Question(TCO1)A(n_ demand...

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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:
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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. Question: (TCO 4) Which of the following statements about the operation of a corporation is correct?
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