Multiple Choice
Which factor is likely to be of concern in a developed economy in the twenty-first century?
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1. Introduction to Macroeconomics
Three Key Economic Ideas
Multiple Choice
What are the three key economic ideas?
A
Monetary policy, fiscal policy, and exchange rates.
B
People respond to incentives; trade creates gains for participants; markets are usually a good way to organize economic activity.
C
Supply, demand, and market equilibrium.
D
Scarcity, opportunity cost, and comparative advantage.
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