Multiple Choice
The circular-flow diagram shows how:
A) banks receive deposits and create money.
B) money,goods and services,and factors of production flow through the economy.
C) the various levels of government allocate tax revenues to meet the needs of society.
D) the work force is educated and trained to increase labor productivity.
Correct Answer:
Verified
Correct Answer:
Verified
Q217: Assume that Colombia gives up three motorcycles
Q218: If an economy is producing at a
Q219: Which statement is FALSE about the circular-flow
Q220: Use the following to answer question: <img
Q221: In the circular-flow diagram,firms receive money for
Q223: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q224: Technological improvements will:<br>A)leave the production possibility frontier
Q225: "All other relevant factors remain unchanged" is
Q226: Which statement is normative?<br>A)The rate of unemployment
Q227: Alexander has a straight-line,or linear,production possibility frontier