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6.1.2 ECONOMICS EXAM QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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6.1.2 ECONOMICS EXAM QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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6.1.2 ECONOMICS EXAM QUESTIONS AND ANSWERS WITH SOLUTIONS 2024 an investory whose highest priority is getting the largest gains possible, even if it requires a lot of risk, would most likely invest it - ANSWER hedge funds the federal reserve would most likely adopt a contractionary monetary policy in which economc situation - ANSWER the country has a high inflation rate and rapid economic growth an business owner earns 100,000 in profits from her company. however, she has to save up about 25,000 of that money each year to pay the federal government. this is the result of the - ANSWER income tax a young worker is starting her first job at research lab. she spent four years in college getting a degree in biology to prepare her for the career she wanted. then, she applied for a job at the lab and negotiated a good salary for herself after she was hi red. this young worker is most likely part of which economic system? - ANSWER market economy a startup company that produces luxury furniture. it purchases wood from a local lumber mill and turns the wood into tables, chairs, and desks. once the furniture is finished, trucks take it to a locall mall where it is sold at a specialty store. customers come from all over the states to buy new pieces of furniture that arrive each month. which element of the story represents a product market in the circular flow model? - ANSWER the specialty store in the mall what does productivity measure for a business - ANSWER its efficiency in creating its product mandatory spending refers to programs in the u.s. federal budget that - ANSWER must receive a certain level of funding by law a country that has a highly specialized economy is most likely to experience which problem? - ANSWER it does not produce all the essential goods its people need one of major positive effects of globalization is - ANSWER faster spread of technology and ideas around the worldThe benefits of buying summaries with Stuvia:
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