Four of the five statements below contain a stock and a flow.Which statement describes ONLY flow variables?
A) Chris earns $1500 per month and has $4000 in his savings account at the bank.
B) Nancy spends $400 per month on her credit card and has a balance owing of $2567.
C) The Transit Authority of Mytown collects $22 000 in fares per day and has an operating budget of $2 million per year.
D) Country X spends an average of $1 million per year for flood relief and has an emergency services fund of $20 million.
E) The Canadian Federal government has a debt of approximately $750 billion and an annual deficit of over $25 billion dollars.
Correct Answer:
Verified
Q1: A variable that is a "stock"
A)is measured
Q2: Which statement best describes the "law of
Q3: Which statement best describes a "demand schedule"?
A)a
Q4: A demand curve represents graphically
A)a functional statement
Q6: What is a "normal" good?
A)a good that
Q7: Four of the five statements below contain
Q8: A change in demand is said to
Q9: Which statement best describes a demand curve?
A)a
Q10: The time period to which quantity demanded
Q11: Ceteris paribus means
A)other things being equal.
B)and so
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