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ECON 201 EXAM 1 BALL STATE; Questions and Answers 100% Correct

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ECON 201 EXAM 1 BALL STATE; Questions and Answers 100% Correct What is Economics? Correct answer-the study of how people and society manages its scarce resources. How people make everyday decisions, purchases, savings, etc. What is the difference between microeconomics and macroeconomics? Correct answer1. Micro - the study of how households and firms make decisions and how they interact in specific markets. 2. Macro - the study of economy-wide phenomena

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Uploaded on: July 29, 2024
Number of pages: 19
Written in: 2023/2024
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ECON 201 EXAM 1 BALL STATE; Questions and Answers 100% Correct

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