Econ Final Exam review (Econ Final Exam review)
University Of South Carolina
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Economics Final Exam review- ALL CHAPTERS
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---100May 20212020/2021A+
- Economics Final Exam review- ALL CHAPTERSChapter 1 
 Question 1 
Which of the following statements is correct? 
Correct Answer: All else constant, a monopoly firm has more market power than a 
monopolistically competitive firm. 
 Question 2 
Which of the following statements is false? In the circular flow model: 
Correct Answer: factor payments are made to business firms. 
 Question 3 
Which of the following would be considered an example of a macroeconomic problem? 
Correct 
Answer: 
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