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ECON 102 QUIZ Chapter 1-3 Latest 2023
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ECON 102 QUIZ Chapter 1-3 Latest 2023. Which of the following will shift the production possibilities curve to the right? An increase in the unemployment rate from 6 to 8 percent. A decline in the efficiency with which the present labor force is allocated. A decrease in the unemployment rate from 8 to 6 percent. A technological advance that allows farmers to produce more output from given inputs. 9. A market: reflects upsloping demand and downsloping supply curves. entails the exchange of goods, but not services. is an institution that brings together buyers and sellers. always requires face-to-face contact between buyer and seller
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Institution
American Public University
Course
ECON 102 (ECON102)
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American Public University
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ECON 102 (ECON102)
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