Econ Final Exam review (Econ Final Exam review)
University of South Carolina
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Economics Final Exam review- ALL CHAPTERS
- Exam (elaborations) • 100 pages • 2021
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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:
...
Exam (elaborations)
Economics Final Exam review- ALL CHAPTERS
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ago
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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