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Which of the Following Is/are True

question 30

Multiple Choice

Which of the following is/are true?

Distinguish between different states of employment (e.g., full employment, depression, recession) and their representations on economic models.
Analyze the impact of historical events and societal changes on national economies and production capabilities.
Understand the role of resources and capital in the production process.
Appreciate the necessity of economizing due to scarcity.

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