The two flows, or things being exchanged, in the circular flow model are:
A. land and labor.
B. inputs and outputs.
C. imports and exports.
D. inputs/outputs and money.
Answer: D
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In the figure above, the SLF curve is the supply of loanable funds curve and the PSLF curve is the private supply of loanable funds curve. If there is no Ricardo-Barro effect, the figure shows a situation in which the government has a budget
A) deficit of $0.2 trillion. B) deficit of $1.6 trillion. C) surplus of $1.4 trillion. D) surplus of $0.2 trillion. E) surplus of $1.8 trillion.
When plotted against the total output, what does the total fixed cost curve look like?
What will be an ideal response?
An industry has only four firms, who have market shares of 45 percent, 25 percent, 20 percent, and 10 percent. What is the Herfindahl-Hirschman Index?
What will be an ideal response?
A difference between inventory investment and fixed investment is that
A) fixed investment is never unplanned. B) fixed investment is never planned. C) inventory investment is never unplanned. D) unplanned inventory investment is always zero.