Test Review #1 1301

Test Review #1 1301

University

54 Qs

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Test Review #1 1301

Test Review #1 1301

Assessment

Quiz

Business

University

Practice Problem

Hard

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beck m

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54 questions

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1.

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15 mins • 1 pt

List the four traditional factors of production

2.

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15 mins • 1 pt

What is the term that describes the study of how society uses scarce resources to produce and distribute goods and services?

3.

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15 mins • 1 pt

What is the term that describes the study of the economy as a whole? It looks at aggregate data for large groups of people, companies, or products

4.

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15 mins • 1 pt

What is the term that describes the study of individual parts of the economy, such as households or firms?

5.

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15 mins • 1 pt

What are the four types of unemployment?

6.

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15 mins • 1 pt

What are the four types of unemployment?

7.

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15 mins • 1 pt

What are the four types of market structures?

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