In the circular flow model, rent, wages, interest, and profit paid flow from ________ through ________ to ________
A) firms; goods markets; firms
B) households; factor markets; firms
C) households; goods markets; firms as payment for goods
D) firms; factor markets; households
E) firms; goods markets; households
D
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Under both the gold standard and the gold exchange standard countries bought and sold U.S. dollars to maintain a fixed exchange rate with the dollar
a. True b. False Indicate whether the statement is true or false
Celia buys 24 gallons of gasoline per month when the price is $2 per gallon, but only 16 gallons if the price rises to $3 per gallon. Within this range, her demand for gasoline is
a. unitary elastic b. perfectly inelastic c. perfectly elastic d. inelastic e. elastic
Many economists believe that competitive, market economies provide a natural antidote to employer discrimination known as the
The value of exports minus the value of imports in a period is called the:
A. trade balance. B. trade gap. C. international equilibrium. D. budget balance.