Multiple Choice
The fact that expenditures on products and payments to owners of resources used to produce those products flow in opposite directions is known as:
A) roundabout production.
B) a barter economy.
C) a pure economy.
D) the circular flow of income.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: Specialization in production can occur based on
Q29: Within a market economy,some industries may be
Q30: Which of the following is not considered
Q31: The direct exchange of goods for goods
Q32: If goods and services flow clockwise in
Q34: Another term for capitalism is the:<br>A) command
Q35: Over half of U.S.consumer expenditures are for
Q36: By consumer sovereignty we mean that:<br>A) government
Q37: Exchange by barter requires a coincidence of
Q38: The process by which new products and