Which of the following sets of variables represent Injections into the Circular flow of Income?
(a) Investment, imports, savings and subsidies.
(b) Savings, taxes, government expenditure and imports.
(c) Government expenditure, taxes, exports and investment.
(d) None of the above.
Answer: (d) None of the above.
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The minimum wage
A) is type of price ceiling. B) is a type of price floor. C) can create a surplus of labor. D) Both answers A and C are correct.
How has the U.S. government debt changed since 2008? What are the sources of the change in U.S. government debt?
What will be an ideal response?
A bank's assets consist of $500,000 in total reserves, $1,600,000 in loans, and a building worth $1,200,000 . Its liabilities and capital consist of $2,000,000 in demand deposits and $1,300,000 in capital. If the required reserve ratio is 20 percent, what is the level of the bank's excess reserves? How much could it loan out as a result?
a. $100,000; $100,000 b. $100,000; $400,000 c. $400,000; $500,000 d. $400,000; $2,000,000
Perry should specialize in the production of
A. both goods. B. poems. C. novels. D. neither good.