The four key markets that coordinate the circular flow of income are
What will be an ideal response?
goods and services, resources, loanable funds, and foreign exchange.
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The productivity of workers in an economy is high if:
A) the economy has a negative rate of inflation. B) the economy has low capital stock. C) the economy has high levels of human capital. D) the economy has a large working age population.
Based on the following information, what is the amount of public saving? ReceiptsExpendituresFederal Government2,5002,000State and Local Governments1,5001,500
A. +2,500 B. -300 C. +200 D. +3,700
The first major law created to control the growth of monopoly power was the
A. Robinson-Patman Act. B. Sherman Act. C. FTC Act. D. Clayton Act.
When displaced workers require retraining before entering the labor force again, it is the result of ________ unemployment
A) structural B) cyclical C) seasonal D) frictional