Full 104 page summary of Monetary Economics (ECS3701) Module Questions and Answers

Document Content and Description Below

Which of the following is not one of the questions that all economies must answer? a. What to produce? b. how to produce? c. what price to produce at? d. none of the above - -c. what price to prod... uce at? -Opportunity Costs are? a. Always present in any action b. The lost benefit of the best forgone alternative action c. important to understanding the concept of comparative advantage d. All of the Above - -D. All of the above -Factors of production? a. Earn income in the factor market b. Include land, labor, and capital c. Are inputs to products d. All of the above - -D. All of the Above [Show More]

Last updated: 1 year ago

Preview 1 out of 14 pages