Homework Clinic
Social Science Clinic => Economics => Topic started by: Chelseaamend on Jun 29, 2018
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Which of the following would likely be studied in a macroeconomics course?
A) the unemployment rate
B) total output for an economy
C) the inflation rate
D) all of the above
Question 2
Production refers to
A) physically producing material goods only.
B) any activity carried on by a firm, whether a corporation, partnership, or sole proprietorship.
C) any activity that results in the conversion of resources into goods and services that can be consumed.
D) any activity that causes a material conversion of manufactured goods.
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Answer to Question 1
D
Answer to Question 2
C