In the simple circular flow of income where there are no leakages and injections, _____.
A) households spend all their income on consumption
B) government policies play a vital role in determining the level of economic activity of a
C) the foreign trade sector is of prime importance
D) households undertake both consumption and investment activities
Correct Answer:
Verified
Q2: An injection into the circular flow is
Q3: The outer loop of the simple circular
Q4: Which of the following statements is true?
A)
Q5: When the factors of production are hired
Q6: The simple circular flow model shows that
Q7: The key policy inputs controlled directly by
Q8: Which of the following would suggest that
Q9: Which of the following entities cause an
Q10: In the early 2000s the UK economy
Q11: In the circular flow model, the factors
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents