Macroeconomics Multiple Choice Questions And Answers Pdf

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Chapter 1 What is Economics? Test bank MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)An incentive A)is the opposite of a tradeoff. B)could be a reward but could not be a penalty. C)could be either a reward or a penalty. D)could be a penalty but could not be a reward. 1) 2)The most fundamental economic problem is A)security. B)the fact

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Sample Multiple-Choice Questions Circle the letter of each correct answer. 1. In the circular flow diagram, which of the following is true in the product market? (A) Households sell goods and services to business firms. (B) Households sell resources to business firms. (C) Business firms sell resources to …

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