Refer to the diagram. Arrows (1) and (2) represent:





A. goods and resources respectively.

B. money incomes and output respectively.

C. output and money incomes respectively.

D. resources and goods respectively.


D. resources and goods respectively.

Economics

You might also like to view...

The slope of the demand curve conveys all the useful information about elasticity.

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

Economics

Which of the following is not included in Nation A's financialaccount?

a. Nation A's interest earnings from foreign operations. b. Changes in foreigners' bank accounts in Nation A. c. Foreign purchases of Nation A's Treasury bills. d. All the above are included.

Economics

Suppose that Nepal invests less in new factories and equipment than does the United States. This will likely cause:

A. The U.S.'s production possibilities curve to shift inward faster than Nepal's. B. Nepal's production possibilities curve to shift outward faster than the U.S.'s. C. The U.S.'s production possibilities curve to shift outward faster than Nepal's. D. Nepal's production possibilities curve to shift inward faster than the U.S.'s.

Economics

the federal open market committee

What will be an ideal response?

Economics