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 set about. 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. totally year during the holidays there seems to be a great flip over 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 residuum when there is: a. excess demand. b. excess supply. c. a shortage. d. a surplus. e. no(prenominal) of the above. 4. The proportionality quantity in a market could wait unaltered 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 demand to get a full essay, order it on our website:
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