Final Exam - FINAL EXAM 1. Question2007...

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FINAL EXAM 1. Question 2-007   Economics is the study of how people make  D. Choices 2. Question 6-008   Which of the following is a positive economic statement?  B. The rate of unemployment of young African-Americans exceeds that of white Americans   3. Question 1-009   Which of the following statements about scarcity is TRUE?  B. Scarcity exists in all societies.   4. Question 5-010   Which of the following would result in a movement along the production possibilities curve?  D. A change in the outputs of two goods that a society chooses to produce
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5. Question 2-011   An increase in the price of coffee, holding other things constant, will  D. decrease the quantity of coffee demanded 6. Question 3-005   Suppose that short skirts that were fashionable in the 1990s become unfashionable in the late 2000s. If other factors were held co B. a rightward shift of the demand curve. (left?????)
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This note was uploaded on 09/18/2011 for the course WR 227 taught by Professor U.nknown during the Spring '10 term at Portland State.

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Final Exam - FINAL EXAM 1. Question2007...

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