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Principles Of Macroeconomic Analysis (ECON 102)

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Sandra Watson
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Chapter 1 and 2 unit sample questions

University

California State University Chico

Chapter One
1. Because of their relatively small national economies, which of the following is most likely
considered to be the most important factor for Belgium, Korea, and Canada to take full
advantage of specialization?

2. Specialization

3. Macroeconomics primarily examines

4. The circular flow diagram of economic activity is a model of the

5. In the __________, households work and receive payment from firms

6. Which of the following best describes a fiscal policy tool?

7. The basic difference between macroeconomics and microeconomics is:

8. Which of the following statements most likely lies within the realm of macroeconomics?

9. In a market-oriented economy, the amount of a good that is produced is primarily decided
by the interaction of:

10.Macroeconomics topics do not usually include:

11.Macroeconomic topics do not usually include:

12.Macroeconomics

13.Regardless of whether you are looking through the microeconomics microscope or the
macroeconomics telescope, the fundamental subject material of the interconnected
_______ doesn’t change

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Principles of Macroeconomic Analysis (ECON 102)

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