Multiple Choice
In the circular flow diagram, firms receive revenue from the _____ market, which is used to purchase inputs in the _____ market.
A) goods; financial
B) factor; financial
C) goods; factor
D) factor; goods
Correct Answer:
Verified
Correct Answer:
Verified
Q45: A competitive firm chooses the:<br>A) price at
Q46: A consumption function shows the relationship between
Q47: In the classical model with fixed income,
Q48: In a closed economy, private saving equals:<br>A)
Q49: The production function feature called "constant returns
Q51: Other things equal, an increase in the
Q52: a. Suppose there is a technological breakthrough
Q53: With a Cobb-Douglas production function, the share
Q54: According to the model developed in Chapter
Q55: Public saving is:<br>A) always positive.<br>B) always negative.<br>C)