ECON 102 QUIZ 1 QUESTIONS AND ANSWERS (Econ-102)
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ECON 102 QUIZ 1
- Exam (elaborations) • 4 pages • 2021
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ECON 102 QUIZ 1. Economics is best defined as the study of 
 A.financial decision-making 
 B.how consumers make purchasing decisions. 
 
Correct C.choices made by people faced with scarcity. 
 
 D.inflation, unemployment, and economic growth 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Macroeconomics differs from microeconomics in that 
 A.macroeconomics is the study of individual markets, while microeconomics 
deals with the nation's economy as a whole. 
Correct B.microeconomics is the ...
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ECON 102 QUIZ 1 | ECON 102
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Econ 102 quiz 1 | Econ 102 quiz 1. Economics is best defined as the study of 
 A. financial decision-making 
 
 B. how consumers make purchasing decisions. 
 
 C. choices made by people faced with scarcity. 
 
 D. inflation, unemployment, and economic growth 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Macroeconomics differs from microeconomics in that 
A. macroeconomics is the study of individual markets, while microeconomics deals with the 
nation's economy as a whole. 
 
B. microecono...
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS.
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS. GDP is defined as 
a. the market value of all goods and services produced within a country in a given period of 
time. 
b. the market value of all goods and services produced by the citizens of a country, 
regardless of where they are living in a given period of time. 
c. the market value of all final goods and services produced within a country in a given 
period of time. 
d. the market value of all final goods and services produced by the citizens of a co...
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
- Exam (elaborations) • 9 pages • 2021
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
- Exam (elaborations) • 9 pages • 2021
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
- Exam (elaborations) • 9 pages • 2021
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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