Macro Economics FIRST QUIZ Econ 2 1. organic evolution a model of an economy means answering the question(s) of: a. what to larn. b. how to green goods. c. for whom to produce. d. what to produce, how to produce and for whom to produce. e. Only what to produce and how to produce, since distribution is not the task of economics. 2. both year during the holidays there seems to be a great project for some particular hot toy. This is an example of the effect of _________ on demand. a. tastes and preferences b. expectations c. income d. prices of other goods e. wealth 3.
A market is in balance when there is: a. excess demand. b. excess supply. c. a shortage. d. a surplus. e. no(prenominal) of the above. 4. The equaliser quantity in a market could wait unvaried if there were a/an _________ in demand trigger by a/an ________ in supply. a. increase, fall b. increase, increase c. decrease, decrease d....If you indispensableness to get a full essay, order it on our website:
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