ECON 8305 (ECON 8305)
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Exam (elaborations)
ECON 8305 The Economics of global Business Conditions Final Exam review | (100% Guaranteed PASS)
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---100August 20212021/2022A+
- Chapter 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: 
 
 Should the federal gove...
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