Use the following diagram to answer the next question.
In the diagram, solid arrows reflect real flows and broken arrows are monetary flows. Flow (8) might represent
A. the services of firefighters.
B. automobile purchases by the state of Maine.
C. subsidies to farmers.
D. personal income taxes.
Answer: B
Economics
You might also like to view...
Use the following figure to answer the question below.
The combination of sixty-five pounds of corn and sixty-five pounds of green beans is
A. attainable. B. not attainable. C. efficient. D. not efficient.
Economics
If Q = K1/3L2 the MPK is
a. constant b. diminishing c. increasing
Economics
In the simple circular-flow diagram,
a. households own the factors of production. b. households buy all the goods and services that firms produce. c. land, labor, and capital flow from households to firms. d. All of the above are correct.
Economics
The unionization rate of public sector workers is about:
A. 10.3%. B. 17.1%. C. 24.4%. D. 34.4%.
Economics