Macro Economics FIRST QUIZ Econ 2 1. maturation a model of an economy means answering the question(s) of: a. what to larn. b. how to hold. 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. every year during the holidays there seems to be a great admit 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 remainder when there is: a. excess demand. b. excess supply. c. a shortage. d. a surplus. e. no(prenominal) of the above. 4. The equilibrium quantity in a market could wait unchanged 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 indirect request to get a full essay, order it on our website:
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