Exam (elaborations)
MACRO ECON 101 PRACTICE QUESTIONS FOR THE FIRST EXAM
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MACRO ECON 101 PRACTICE QUESTIONS FOR THE FIRST EXAM 1. If a level of production is feasible then: a) it is efficient b) it is inefficient c) it can be either efficient or inefficient d) it is on the PPF 2. Consider the following PPF: Wheat 0 10 20 30 40 Corn 1000 900 700 450 0 ...
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