The circular flow of income involves the idea that
A) the seller of a good receives exactly the same amount as the buyer spends.
B) in every economic exchange one party takes advantage of the other party.
C) the seller of a good receives more than the buyer spends.
D) the seller of a good receives less than the buyer spends.
A
You might also like to view...
The efficient markets hypothesis implies that prices in the stock market
A) follow a definite pattern. B) are more likely to go up than down. C) always undervalue the true assets of a corporation. D) are unpredictable.
Reserve requirements are set by
A) the Secretary of Treasury. B) the President. C) Congress. D) the Fed.
Which financial intermediary has been required by regulation to concentrate its lending in the mortgage market?
A) commercial banks B) savings-and-loans C) credit unions D) state and local government retirement funds
A discouraged worker is one who:
a. is underqualified for the current job. b. dislikes the current job but is afraid to quit. c. drops out of the civilian labor force because he/she cannot find a job. d. quits his/her job because the possibility of advancement was very low. e. is overqualified for the current job.