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ECON 1010 FINAL Questions and Answers
ECON 1010 FINAL Questions and Answers
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econ 1010 Questions and Answers
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money Ans- medium of exchange, which means thaht it is generally accepted in exchange for goods and services. acceptable as means of payment / IS NOT made up of notes and coins held by individuals and businesses a problem with using a commodity as money is Ans- commodity value can change over...
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Add to cartmoney Ans- medium of exchange, which means thaht it is generally accepted in exchange for goods and services. acceptable as means of payment / IS NOT made up of notes and coins held by individuals and businesses a problem with using a commodity as money is Ans- commodity value can change over...
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ECON 1010 FINAL Questions and Answers
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The central problem of economics is the: A) Distribution of goods and services to those in need. B) Scarcity of resources relative to human wants. C) Inefficiency of government operations. D) Unemployment of certain factors of production. Ans- B The primary concern of economics is the study of...
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Add to cartThe central problem of economics is the: A) Distribution of goods and services to those in need. B) Scarcity of resources relative to human wants. C) Inefficiency of government operations. D) Unemployment of certain factors of production. Ans- B The primary concern of economics is the study of...
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