In the circular-flow diagram,
a. profit flows from households to firms.
b. labor flows from households to firms.
c. services flow from households to firms.
d. All of the above are correct.
b
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An exchange of developing country debt for an ownership position in a developing country business is called
A) IMF conditionality. B) indirect investment. C) debt-equity swap. D) debt-rescheduling.
Historically, government bonds have averaged a real return of about ____ percent, while a broad index of stocks generates a _______ percent return over the same period.
A. 2; 7 B. 7; 2 C. 7; 12 D. 12; 7
What was the result of the Climate Summit held in December 2009?
a. All countries signed binding agreements to reduce their greenhouse gases by 20% during the next 10 years. b. No country signed binding agreements to reduce their greenhouse gases. c. Only developed industrialized countries agreed to reduce their greenhouse gases by 20% during the next 10 years. d. Only China and India agreed to reduce their greenhouse gases by 20% during the next 10 years.
Refer to the graph below. Assume the economy is at the initial position of B2. It is possible for the government to reduce the unemployment rate and move the economy to C2 if:
A. Expected inflation remains at 4%
B. Expected inflation becomes 8%
C. Actual inflation remains at 4%
D. Actual inflation is at 12%