Macroeconomics
Liberty University
All 2 results
Sort by
-
Economics Semester Exam| 73 questions| with complete solutions
- Exam (elaborations) • 5 pages • 2023
-
- $6.89
- + learn more
Opportunity Cost correct answer: (noun) the item you gave up in a trade-off; the next best option 
 
Trade-off correct answer: (verb) choosing one item you want over another item you want 
 
Factors of Production correct answer: resources used to make a final product 
 
Factors of Production-land correct answer: natural resources, not man-made, example: grain 
 
Factors of Production-labor correct answer: human resources, example: farmer 
 
Factors of Production-capital correct answer: man...
-
macroeconomics final exam | 90 Questions with 100% Correct Answers
- Exam (elaborations) • 6 pages • 2022
-
- $6.49
- + learn more
Total income households have after paying taxes and receiving government transfers - 
disposable income 
Market failure may occur because - individual actions have side effects that are not 
properly taken into account by the market 
A graphical representation of the relationship between the total quantity of goods and 
services demanded and the price level - aggregate demand curve 
If banks were required to keep 100% of deposits in reserves, they could - make no 
loans 
The point on a business ...
Get paid weekly? You can!
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia