The circular flow of goods and incomes shows the relationship between?

Related Mcqs:

The total demand for goods and services in an economy is known as_____________?

A. gross national product. B. national demand. C. economy-wide demand D. aggregate demand...

In a free market?

A. government intervenes B. government plan production C. government interferes D. Prices adjust to reconcile scarcity and desires...

The retail price index is used to__________________?

A. construct price lists B. compare shop prices C. measure changes in the cost of living D. None of the above...

Unemployment means that ?

A. there is excess demand in the labour market B. there are some people who will not work at the going wage rate. C. people are not willing to work at the going wage rate. D. at the going wage rate, there are people who want to work but cannot find work....

In the mixed economy________________?

A. economics problems are solved by the government and market B. economic decisions are made by the private sector and free market C. economic allocation is achieved by the invisible hand D. economics s is solved by government departments...