As the circular flow model points out, a choice that households make is how
A) many resources a firm will hire.
B) many goods and services are produced.
C) many goods and services are purchased.
D) much labor is hired.
E) much the government will collect in taxes and how much the government will spend on transfer payments.
C
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When event B follows event A three times in succession, but people say B following A is "just a coincidence," they usually mean
A) it is highly improbable B will follow A a fourth time. B) it is more common for A to follow B. C) B following A is only a subjective opinion. D) there has not been sufficient observation to connect B positively with A. E) they aren't aware of any causal theory linking B to A.
In privately held firms the manager-stockholder conflict is
A) worse than in the larger firm. B) the same as it is in the larger firm. C) less severe than in the larger firm. D) there is no manager-stockholder conflict because the manager is the owner.
The funds that nation's have on account at the International Monetary Fund is measured in
A) U.S. dollars. B) the currency of the nation that has deposited the funds. C) a quota subscription. D) an international unit of accounting called special drawing rights.
Why would economists disagree over positive analysis?