According to the circular flow, the value of total output produced and total income
A) will be equal.
B) should increase by the unanticipated rate of inflation.
C) should differ by the value of intermediate goods.
D) will always be increasing in a capitalist economy.
A
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How did the increased speed of computers affect the labor market for computer game designers?
A. Decreased wages and increased employment. B. Increased wages and decreased employment. C. Increased wages and increased employment. D. Decreased wages and decreased employment.
When federal government spending exceeds tax revenues, the federal government runs a budget surplus
Indicate whether the statement is true or false
According to the above table, if the price of the good produced is $5 and the wage rate is $400, then the marginal revenue product of the 7th worker is
A) $300. B) $60. C) $12. D) $400.
A legal claim to a part of a corporation's future profits is called
A) a bond. B) a share of stock. C) a dividend. D) a financial debt.