In the circular flow model, which of the following is considered a leakage?
a. investment spending
b. business spending
c. household saving
d. total exports
c
You might also like to view...
Refer to Figure 11.5. An increase in the level of investment is best illustrated by diagram
A) A. B) B. C) C. D) D.
Society might argue that there are cases in which it is appropriate to resist price increases in situations where scarcity is serious. Included would be the case of
a. unrestrained monopoly that would otherwise succeed in gouging the public. b. taxes imposed on products capriciously and inappropriately. c. rising prices falling so heavily on the poor that rationing becomes preferable. d. All of the above are correct.
Public investment in crop breeding has tended to emphasize longer term research while investment by the private sector has emphasized:
a. Investment in animal agriculture b. Investment to encourage small scale production c. Investment in cultivar development with short term payoffs d. All of the above
________ wages are wages paid by employers to increase worker motivation and productivity
A) Real B) Nominal C) Minimum D) Efficiency