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Exam (elaborations)

ECON EXAM QUESTIONS WITH SOLVED SOLUTIONS.

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ECON EXAM QUESTIONS WITH SOLVED SOLUTIONS. 1. Opportunity Cost ANS >>> the cost of a choice is the value of the opportunities lost 2. Marginal Analysis ANS >>> An examination of the additional benefits of an activity com- pared to the additional costs of that activity 3. Microeconomics ANS >>> The practice of household/firm economics 4. Macroeconomics ANS >>> The practice of large-scale economics

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2024/2025
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  • econ exam questions with solved solutions 1op

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ECON EXAM QUESTIONS WITH




1. Opportunity Cost ANS >>> the cost of a choice is the value of the opportunities
lost



2. Marginal Analysis ANS >>> An examination of the additional benefits of an
activity com- pared to the additional costs of that activity



3. Microeconomics ANS >>> The practice of household/firm economics



4. Macroeconomics ANS >>> The practice of large-scale economics



5. Quantity Demanded ANS >>> describes the quantity that buyers desire to
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