Examining the conditions that could lead to a recession in an economy is an

Examining the conditions that could lead to a

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Question 21Examining the conditions that could lead to a recession in an economy is anexample of a macroeconomics topic. True False Correct! Correct! 2 / 2 pts Question 22Every individual, no matter how rich or poor, is faced with making trade-offs.
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12/16/2019 Homework 01: [19FA] ECON 104, Sec 002: Macroeconomic Analysis (WC, Dunne) 14/19 Correct! 2 / 2 pts Question 23When voluntary exchange takes place, only one party gains from theexchange. 2 / 2 ptsQuestion 24A college must decide if it wants to offer more Internet-based classes. Thisdecision involves answering the economic question of "what to produce." Correct! Correct! 2 / 2 pts Question 25One desirable outcome of a market economy is that it leads to a moreequitable distribution of income. True False Correct!
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12/16/2019 Homework 01: [19FA] ECON 104, Sec 002: Macroeconomic Analysis (WC, Dunne) 15/19 2 / 2 pts Question 26An economic model is a simplified version of reality used to analyze real-world economic situations. Correct! Correct! 2 / 2 pts Question 27The decisions Apple makes in determining production levels for its iPhone isan example of a macroeconomics topic. Correct! 2 / 2 pts Question 28Economic resources are also called factors of production. Correct! Correct! 2 / 2 pts Question 29
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12/16/2019 Homework 01: [19FA] ECON 104, Sec 002: Macroeconomic Analysis (WC, Dunne) 16/19 A curved line has slope values that change at every point. True False Correct! 2 / 2 pts Question 30A straight line has a slope of zero. Correct! Correct! 2 / 2 ptsQuestion 31If a country is producing efficiently and is on the production possibilitiesfrontier, the only way to produce more of one good is to produce less of theother. Correct! Correct! 2 / 2 pts Question 32If a country produces only two goods, then it is not possible to have acomparative advantage in the production of both those goods.
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12/16/2019 Homework 01: [19FA] ECON 104, Sec 002: Macroeconomic Analysis (WC, Dunne) 17/19 Correct! Correct! 0 / 2 pts Question 33Any output combination outside a production possibility frontier is associatedwith unused or underutilized resources. True False You Answered You Answered orrect Answer orrect Answer 0 / 2 pts
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