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4 Written questions

4 Multiple choice questions

  1. Claims that attempt prescribe how the world should be
  2. a visual model of the economy that shows how dollars flow through markets among households and firms
  3. The resources the economy uses to produce goods and services
  4. Claims that attempt to describe the world as it is

3 True/False questions

  1. ActorsA highly simplified representation of a more complicated reality

          

  2. The market for goods and servicesThe resources the economy uses to produce goods and services

          

  3. ModelHouseholds and firms

          

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