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4 Written questions

4 Multiple choice questions

  1. Stuff
  2. A graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology
  3. Households and firms
  4. Claims that attempt prescribe how the world should be

3 True/False questions

  1. The market for factors of productionStuff


  2. Circular-flow diagrama visual model of the economy that shows how dollars flow through markets among households and firms


  3. MicroeconomicsThe study of how households and firms make decisions and how they interact in markets