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Economics

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Garland Schimmel

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Cards in this guide (6)
Which of these statements is not true about the circular flow model of economics

Firms use the factors of production to create capital and dividends.

Reagan's economic proposals were said to return what kind of principles to the American economy

To increase savings and investments, increase economic growth and balance the budget.

A large amount of the economic growth in the US in the 1990 can be attributed to major advances in which industry

A large amount of the economic growth in the US in the 1990 can be attributed to major advances in textile industry.

Which of following was not included in Adam smith's theory of wealth accumulation

When labor tasks become divided, productivity decreases. A+

The products and services that are worth money and are provided by producers are referred to as which of these

economic value (A+ answer)

In the development of general equilibrium who discovered how to analyze and measure the economy as a whole

Léon Walras

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