In the circular flow model, households demand resources such as labor services in the product market
Indicate whether the statement is true or false
FALSE
Economics
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Why are transfer payments excluded from government expenditure in the national income accounts?
What will be an ideal response?
Economics
The national poverty rate in the United States reached a low in the
a. early 1960s. b. early 1970s. c. late 1970s. d. early 1980s.
Economics
In discussing trade, it is ____ that matters rather than ____.
A. absolute advantage; elastic advantage B. comparative advantage; absolute advantage C. entire advantage; comparative advantage D. elastic advantage; entire advantage E. declarative advantage; absolute advantage
Economics
Refer to the graph shown. A policy that cuts government spending would be most appropriate when the economy is at point:
A. A. B. B. C. C. D. D.
Economics