Multiple Choice
One of the major characteristics of the circular flow in our economy is
A) the production possibility curve.
B) market prices.
C) opportunity cost.
D) specialization and exchange.
E) absolute advantagE.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q56: Of the labelled points,_ are efficient.<br>A) F
Q57: When an economy is operating on its
Q58: The introduction of new and more productive
Q59: Lou and Alex live together and share
Q60: The psychological cost of specialization is likely
Q62: Joan can produce a maximum of 14
Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Suppose the guitar
Q64: When it is impossible to reorganize economic
Q65: Smith and Jones comprise a two-person economy.Their
Q66: In one hour,Juan can produce 8 chairs