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Review Test Submission_ [Not Graded] Sample Qs Midterm Exam #1....html
Production possibility curve does not take into account the marginal benefit arising from either of...
When two variables have an inverse relationship between them, they change in the opposite...
Resource market does not relate to buying and selling of products but that of resources. So in the...
Decrease in quantity supplied of a good due to a fall in its price is the basis for an...
Shortages and surplus arise when the prevailing price is different from the equilibrium price. If...
A negative externality is when a person or a firm’s actions have a direct harmful effect on...
The two characteristics of public goods are: Nonexcludability: It implies that a person cannot be...
The quantity demanded in a fixed-price policy varies with the level of demand. When the price is...
National income accounting measures the production level of the economy along with other related...
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ECN 221 - MacroEcon
ECN 306 -
ECN 101 -
ECN 313 - 313
ECN 312 - 312
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