Figure 1.1 a) A b) B c) C d) F 1.6 An increase in the population that is unemployed is best represented in Figure 1.2 and using PP1 by movement from point. Figure 1.2 a) C to point D. b) D to point C. c) C to point A. d) E to point D. 1.7 The two major types of markets in the simple circular flow of income and expenditure are: a) free markets and regulated markets. b) factor markets and foreign exchange markets. c) goods market and services markets. d) goods and services markets and factor markets.

Figure 1.1 a) A b) B c) C d) F 1.6 An increase in the population that is unemployed is best represented in Figure 1.2 and using PP1 by movement from point. Figure 1.2 a) C to point D. b) D to point C. c) C to point A. d) E to point D. 1.7 The two major types of markets in the simple circular flow of income and expenditure are: a) free markets and regulated markets. b) factor markets and foreign exchange markets. c) goods market and services markets. d) goods and services markets and factor markets.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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