Refer to the diagram below. If box E represents government, box C businesses, and box A households, then flows (11) and (12) would represent:



A. Goods and services



B. Government expenditures



C. Resources



D. Net taxes


D. Net taxes

Economics

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The potential for profit-increasing false advertising is greatest for which of the following goods?

A) disposable diapers B) a refrigerator C) laundry detergent D) spray window cleaner

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In terms of total sales, the dominant form of business firm in the U.S. economy is the

a. corporation b. sole proprietorship c. partnership d. nonprofit organization e. limited partnership corporation

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In long-run equilibrium, the perfectly competitive firm sets its price equal to which of the following?

a. Short-run average total cost. b. Short-run marginal cost. c. Long-run average cost. d. All of these.

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If we observe both an increase in the price of flour and in the number of units sold, this could be explained by: a. an increase in the demand for flour. b. a decrease in the demand for flour. c. a decrease in the supply of flour

d. an increase in the supply of flour.

Economics