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ECON 1010 FINAL Questions and Answers
ECON 1010 FINAL Questions and Answers
[Show more]ECON 1010 FINAL Questions and Answers
[Show more]money 
Ans- medium of exchange, which means thaht it is generally accepted in 
exchange for goods and services. acceptable as means of payment / IS NOT 
made up of notes and coins held by individuals and businesses 
a problem with using a commodity as money is 
Ans- commodity value can change over...
Preview 3 out of 27 pages
Add to cartmoney 
Ans- medium of exchange, which means thaht it is generally accepted in 
exchange for goods and services. acceptable as means of payment / IS NOT 
made up of notes and coins held by individuals and businesses 
a problem with using a commodity as money is 
Ans- commodity value can change over...
The central problem of economics is the: 
A) Distribution of goods and services to those in need. 
B) Scarcity of resources relative to human wants. 
C) Inefficiency of government operations. 
D) Unemployment of certain factors of production. 
Ans- B 
The primary concern of economics is the study of...
Preview 4 out of 57 pages
Add to cartThe central problem of economics is the: 
A) Distribution of goods and services to those in need. 
B) Scarcity of resources relative to human wants. 
C) Inefficiency of government operations. 
D) Unemployment of certain factors of production. 
Ans- B 
The primary concern of economics is the study of...
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