Consumption spending is $16 million, planned investment spending is $4 million, unplanned investment spending is $2 million, government purchases are $6 million, and net export spending is $1 million. What is aggregate expenditure?
What will be an ideal response?
$27 million
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There is no evidence that minority employment has risen as a result of affirmative action initiatives
Indicate whether the statement is true or false
The Condorcet paradox is a situation in which the preferences of each individual member of a group are ___________, and the collective preferences of the group are _________.
A. not transitive; not transitive B. transitive; not transitive C. transitive; transitive D. not transitive; transitive
The circular flow model indicates that income flows from households to firms through product markets and back from firms to households through factor markets. Is the total amount spent by all households equal to the total income that flows back to all
households? Why or why not? Is the amount spent by each individual household equal to the amount that flows back to that specific household? Why or why not?
Taking money from a wealthy individual in order to feed a destitute family would be a Pareto improvement
a. True b. False