AnswersMI-Economics CRIntroduction to Economics

Introduction to Economics — Unit test Answers

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22
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Which body or group is most able to use money to influence the economy?

A
government
B
suppliers
C
firms
D
producers
23
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Wellness Pharmaceuticals has released a new antidepressant, Lexabuzac. Which type of monopoly does the company most likely have on this medication?

A
natural monopoly
B
de facto monopoly
C
government monopoly
D
technological monopoly
24

Consumers having more money to purchase computers will most likely result in

A
a decrease in prices for computers and computer accessories.
B
an increase in prices for computers and computer accessories.
C
a decrease in prices for computers, but not computer accessories.
D
an increase in prices for computers, but not computer accessories.
25

Supply and demand coordinate to determine prices by working

A
together.
B
competitively.
C
with other factors.
D
separately.

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