Quiz #2 - n 6 2 out of 2 points Questio n 7 2 out of 2...

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OL_MACRO ECONOMICS _3344A902 (ECON_2023344A902) > TOOLS > MY GRADES > VIEW ATTEMPTS > REVIEW ASSESSMENT: QUIZ 02
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Questio n 1 2 out of 2 points A market: Selected Answer: Correct Answer: Questio n 2 2 out of 2 points Markets explained on the basis of supply and demand: Selected Answer: Correct Answer: Questio n 3 2 out of 2 points When the price of a product increases, a consumer is able to buy less of it with a given money income. This describes: Selected Answer: Correct Answer: Questio n 4 2 out of 2 points An increase in the price of a product will reduce the amount of it purchased because: Selected Answer: Correct Answer: Questio n 5 2 out of 2 points One reason that the quantity demanded of a good increases when its price falls is that the: Selected Answer: Correct Answer: Questio n 6 2 out of 2 points DVD players and DVDs are: Selected Answer: Correct Answer:
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Questio
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Unformatted text preview: n 6 2 out of 2 points Questio n 7 2 out of 2 points The largest functional share of the national income consists of: Selected Answer: Correct Answer: Questio n 8 2 out of 2 points The distribution of income among individual households is known as: Selected Answer: Correct Answer: Questio n 9 2 out of 2 points Economists define saving as: Selected Answer: Correct Answer: Question 10 2 out of 2 points Which form of business enterprise accounts for the largest number of firms in the United States? Selected Answer: Correct Answer: Question 11 2 out of 2 points Which form of business enterprise accounts for the largest proportion of total output? Selected Answer: Correct Answer: Question 12 2 out of 2 points The three basic legal forms of business enterprise are: Selected Answer: Correct Answer:...
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Quiz #2 - n 6 2 out of 2 points Questio n 7 2 out of 2...

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