If goods and services flow clockwise in a circular economic flow diagram, then consumption expenditures flow:
A. counterclockwise and firm revenues flow clockwise.
B. counterclockwise and firm revenues flow counterclockwise.
C. clockwise and firm revenues flow counterclockwise.
D. clockwise and firm revenues flow clockwise.
Answer: B
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Indicate whether the statement is true or false
Explain what is meant by the phrase "a bank's balancing act."
What will be an ideal response?
A worker supplies labor to the market if the
A) wage is less than the reservation wage. B) wage is greater than the reservation wage. C) minimum wage is less than the reservation wage. D) demand for labor exceeds the supply of labor.
If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years, what is the size of the coupon payment?
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