In the second circular-flow model of Chapter 2,households have two uses for their total income:
A) consumption and investment.
B) consumption and saving.
C) saving and investment.
D) saving and payment of taxes.
E) consumption and payment of taxes.
Correct Answer:
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Q2: An individual buys shares in a mutual
Q3: Job openings are plentiful when the
A)actual real
Q4: When the dollar depreciates,
A)exports will increase and
Q5: Assume a simple economy without a government
Q6: GDP can be measured by the
A)total value
Q7: The real income per capita is a
Q8: The cars produced by Toyota in its
Q9: In the simple circular flow model containing
Q10: Negative net exports represent reduced investment because
A)payments
Q11: Which of the following is NOT a
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