Multiple Choice
The circular-flow diagram is a
A) visual model of the economy.
B) visual model of the relationships among money,prices,and businesses.
C) model that shows the effects of government on the economy.
D) mathematical model of how the economy works.
Correct Answer:

Verified
Correct Answer:
Verified
Q188: An assumption an economist might make while
Q189: Figure 2-10<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-10
Q190: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q191: A macroeconomist - as opposed to a
Q192: In the circular-flow diagram,<br>A)firms are buyers in
Q194: Factors of production are<br>A)used to produce goods
Q195: Figure 2-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-6
Q196: Suppose an economy only produces two goods,robots
Q197: Figure 2-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-12
Q198: A production possibilities frontier can shift outward