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Macroeconomics - Exam Questions
- Exam (elaborations) • 10 pages • 2023
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Macroeconomics - Exam Questions 
 
scarcity exists because of: - CORRECT ANSWER-unlimited wants and limited resources 
 
the basic difference between macroeconomics and microeconomics is: - CORRECT ANSWER-micro concentrates on the behavior of the individual consumers and firms, 
while macro focuses on the performance of the entire country 
 
additions to human capital can be made through: - CORRECT ANSWER-improved education and on-the-job training 
 
an example of physical capital is: 
a - a $10...
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