Exam 2: The U.S.and Global Economies

The circular flow model is used to show the

The percentage of the world's population that lives in the advanced economies is

In the United States,the productive factor that,as a group,receives the largest fraction of the nation's total income is

What effect,if any,will a good college education have on your human capital? Explain your answer.

Which factor of production does human capital enhance? i.land ii.labor iii.capital

Which of the following is NOT a function of the federal government?

The income earned by entrepreneurs is

The productive resource that includes all the "gifts of nature" is called

The United States possesses a large amount of human capital.As a result of this fact,in the United States there is a

The circular flow model shows that goods and services flow from

The national debt is the total amount the ________ government has ________ to make expenditures that exceed tax revenue.

The owners of the resource ________ are paid ________.

Items bought by businesses to help produce other goods and services are called

Which of the following is NOT considered capital?

In the circular flow model,

Which of the following is a function of the U.S.federal government?

The majority of the income earned in the United States is paid in

Payments to the factors of production are

Of the following,the federal government obtains most revenue from

An example of a U.S.export is