ECON MIDTERM #1
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| Main Issues of efficiently management in our economy are | show 🗑
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| The most critical factors in the cost- and- benefit analysis are | show 🗑
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| show | Scarcity
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| show | Efficiency, human dignity
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| show | False
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| Opportunity cost of any choice is the____ of the next best _____ | show 🗑
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| The difference between a need and a want is based on: | show 🗑
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| show | -1/2
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| show | 1.Laissez-faire policy 2. no government intervention 3. two players in market 4. invisible hands
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| show | declines, demand
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| An economic model is a _____ picture of______ | show 🗑
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| Normative economic deal with the ______ and_______ | show 🗑
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| John Maynard Keynes was following father of the classical school of economics thoughts (true/false) | show 🗑
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| show | big picture and national policies
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| Positive economics is related to: | show 🗑
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| show | Central planned and public properties
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| The____ circular flow market shows the household acting as sellers of land, capital, and labor?\: and the _____ acting as a buyer | show 🗑
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| capitalism is based on | show 🗑
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| show | Supply shift
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| show | Equilibrium point
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| The 45 degree line is a presentation of | show 🗑
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| show | negative, 2
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| what is the target rate of the USA economy growth? | show 🗑
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| The letter i in the conceptual equation GDP+C+I+G+(X-M) presents for _____ and means______ | show 🗑
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| GDP is the total ____ of all of the goods and services that are ____ by an economy or one country per ____ | show 🗑
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| demand | show 🗑
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Created by:
laraa391
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