How much of each dollar spent by a consumer ultimately becomes income to someone else?
A) one dollar
B) less than one dollar
C) It depends on how much labor was needed to produce the good that the consumer buys.
D) It depends on how much the cost there is in the distribution channel that delivers the good from the manufacturer to the consumer.
Correct Answer:
Verified
Q40: The circular flow of income shows
A) the
Q41: Q42: Which of the following statements is NOT Q43: The two sectors of the economy in Q44: A firm produces a good and generates Q46: Which of the following occurs in the Q47: In an economy, households receive a total Q48: The measurement system used by the U.S. Q49: Profits are part of the Q50: In the simple circular flow
A) total income.
B)
A) businesses trade
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