Use the following figure to answer the next question.
If box E represents government, box C businesses, box D the resource market, and box B the product market, then government purchases of computers, office supplies, and military hardware would be illustrated by arrows
A. 7 and 8.
B. 5 and 6.
C. 9 and 10.
D. 10 and 11.
Answer: A
You might also like to view...
Which four federal taxes make up the bulk of federal government tax revenues?
a. individual income tax, corporate income tax, property tax, and sales tax. b. corporate income tax, national consumption tax, estate tax, and social security tax. c. individual income tax, social security tax, corporate income tax, and Medicare tax. d. social security tax, Medicare tax, estate tax, and corporate income tax. e. none of the above
The excess burden of a tax is the amount paid by consumers.
Answer the following statement true (T) or false (F)
Adriana is maximizing her utility. Her MUx/Px = 10 and MUy = 60. Then the price of Y must be
A. $1. B. $6. C. $10. D. $60.
Statistics show that the ________ a country is, the ________ is the share of agricultural output in its total output.
A. more developed; larger B. more developed; smaller C. more populated; smaller D. less populated; smaller