Refer to the figure below. If box A represents households, B the product market, and C businesses, then flow (2) and flow (4) would represent:
A. Resources
B. Goods and services
C. Revenues
D. Money incomes
Answer: B
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All welfare programs are means-tested income transfers
Indicate whether the statement is true or false
How were labor rights affected by the long economic depression of the 1930s?
a. Unions disbanded until the economy improved. b. Labor unions and reform movements stalled. c. New anti-labor reforms restricted union activities. d. Many important pro-labor reforms were passed.
If there were a market for pollution rights established by a public agency that determined the amount of pollution that the atmosphere or a body of water can safely absorb, and the agency sold these rights to polluters, we could expect that:
A. the price of these pollution rights would increase over time as the economy grows. B. there would be a shortage of pollution rights. C. there would be a black market for pollution rights. D. there would be a surplus of pollution rights.
What is a primary market?
A) a market where primary inputs like steel are sold B) a market where you can sell any bonds you own as a private investor C) a market where newly issued claims are sold to initial buyers by the borrowing firm D) a market where you can sell any stocks you own as a private investor