In the extended version of the circular flow model, money flows from
a. government to households as tax payments
b. foreign economies to households as payments for exports
c. government to firms as payments for goods and services
d. firms to foreign economies as payments for exports
e. households to foreign economies as payments for resources
C
You might also like to view...
Phillip is a 22-year old who has no job and is available for work, but has not actively looked for a job in the last month
The Current Population Survey identifies Phillip as ________, ________ the labor force, and ________ the working-age population. A) unemployed; part of; part of B) unemployed; part of; not part of C) not unemployed; not part of; part of D) not unemployed; not part of; not part of E) not unemployed; part of; part of
Which of the following is not a potential problem in using corrective taxation to deal with a negative externality?
a. Measuring the cost of the externality. b. Estimating the supply curve of the externality creator. c. Determining who is responsible for the externality. d. Determining how the tax should be applied.
In general, the cost of an input:
A. decreases when you've reached the point of diminishing marginal product in your firm. B. is minimized when you've reached the point of diminishing marginal product in your firm. C. stays the same when you've reached the point of diminishing marginal product in your firm. D. increases when you've reached the point of diminishing marginal product in your firm.
The measure of money most closely correlated with the price level and economic activity is:
A. M1. B. L. C. M2. D. M3.