AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 30. Which of the following characteristics is least unique to a market system? AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 31. of the following is one of the Five Fundamental Questions? AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-03 Explain how the market system answers the five fundamental questions of what to produce; how to produce; who obtains the output; how to adjust to change; and how to promote progress. Topic: Five fundamental questions 32. If competitive industry Z is making substantial economic profit, output will:
AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 30. Which of the following characteristics is least unique to a market system? AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 List the main characteristics of the market system. Topic: Characteristics of the market system 31. of the following is one of the Five Fundamental Questions? AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-03 Explain how the market system answers the five fundamental questions of what to produce; how to produce; who obtains the output; how to adjust to change; and how to promote progress. Topic: Five fundamental questions 32. If competitive industry Z is making substantial economic profit, output will:
test-bank-macroeconomics-20th-edition-mcconnell.docx