Why must the national income of a closed economy equal the national expenditures of that economy? What separates the two concepts in an open economy?
What will be an ideal response?
In a closed economy, the value of the final expenditures on all goods and services must be the income of the factors of production in the economy. In an open economy, final expenditures can fall on foreign goods and factors of production can earn income abroad. Net factor income from abroad plus net unilateral transfers from abroad provide flows of resources that separate the income of the country from the value of final goods and services produced in a country.
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Which of the following is not a major trend in e-commerce payments in 2018-2019?
A. Mobile retail payment volume decreases. B. PayPal remains the most popular alternative payment method. C. Large banks enter the mobile wallet and P2P payments market. D. Payment by credit and/or debit card remains the dominant form of online payment.
Q-sort scaling was developed to discriminate quickly among a relatively small number of objects
Indicate whether the statement is true or false
Mintzberg identifies several types of political games members of organizations play. What term does he use to refer to games in which usually lower status participants seek to externally expose illegitimacy to affect internal policy or strategy changes?
a. Insurgency games b. Whistle blowing games c. Snitch games d. Expertise games
The comparison of actual outcomes with desired outcomes is an example of a(n):
A) planning activity. B) control activity. C) operating activity. D) static activity.