Which of the following is not a flow in the circular flow model?
A) the flow of goods and services and the flow of resources to produce goods and services
B) the flow of profit and the flow of revenue
C) the flow of income earned by households and the flow of expenditures incurred by households
D) the flow of revenue received by producers and the flow of payments to resource owners
Answer: B
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As of 2008, the members of the WTO account for 97 percent of the world's international trade
Indicate whether the statement is true or false
Before it became illegal, cigarette manufacturers once relied heavily on TV advertising. According to the textbook, when the government banned TV advertising, the cigarette manufacturers:
A. supported the ban due to their concern over health effects of smoking. B. were made worse off because the ban significantly reduced cigarette sales. C. benefited because the decision about whether to advertise on TV was a prisoner's dilemma. D. thought their First Amendment rights were being violated.
Blenders Anytime produces kitchen products and has issued 20,000 shares of stock. Skip has 10,000 shares of Blenders’ common stock. Melda has 1,000 shares of its common stock. If Skip gets 50 votes at today’s shareholder’s meeting, how many votes does Melda get?
a. 1 b. 5 c. 10 d. 25
Those who advocate a return to a real gold standard believe that doing so would
A. force countries to pursue sustainable fiscal policies. B. allow countries to earn a higher rate of interest on their holdings of international reserve assets. C. reduce inflation rates by imposing strong discipline on national monetary authorities. D. reduce unemployment rates by allowing countries to have independent monetary policies.