Part I Multiple Choice (1.5 points each)
Bold and Color the correct answer. There is only one correct answer for each MC question.
Which of the following questions is not answered by the decisions that every society must make?
a. What determines consum
Potential questions and study guide for exam 2
Any 6 of these questions could be on your exam!
1. GDP is a key concept in Macroeconomics.
a. What is the definition of GDP?
b. List and explain the 3 different approaches to calculating G
81.Recreation & Sports Equipment corporation sells a product that is capable of
seriously injured consumers who misuse it in a foreseeable way. Does the firm owe an
ethical duty to take the product off the market? What conflicts might arise if the firm