In the simple circular flow model, the funds received by a carmaker when it sells a car goes to

A. the owners of all of the resources used to make the car.
B. the owners of firms who sold materials to the carmaker, and the rest stays with the firm.
C. only the owners of the carmaker.
D. the workers who helped build the car.


Answer: A

Economics

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What complex set of free-trade area regulations prohibits non member country imports to a high-tariff member country via a low-tariff member country?

a. environmental certification b. rules of origin c. health and safety standards d. a codified trade agreement

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A. are consumed because they enhance the enjoyment consumers obtain from other goods and services. B. are a special type of consumption goods. C. are goods used to make consumer goods and services. D. refer to the expenses that a company incur for producing other types of goods.

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Answer the following statement(s) true (T) or false (F)

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