Which of the following statements regarding the circular-flow diagram is true ?

Related Mcqs:

Points on the production possibilities frontier are ?

A. inefficient B. normative C. unattainable D. efficient...

Economic growth is depicted by ?

A. a shift in the production possibilities frontier outward. B. a movement from inside the curve toward the curve. C. a shift in the production possibilities frontier inward D. a movement along a production possibilities frontier toward capital goods....

Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

A. really don’t disagree at all It just appears that they disagree. B. disagree because they have different values. C. none of these answers. D. disagree because they have different scientific judgments....

Which of the following statements about microeconomics and macroeconomics is not true ?

A. The study of very large industries is a topic within macroeconomics B. Macroeconomics is concerned with economy-wide phenomena C. Microeconomics is a building block for macroeconomics D. Microeconomics and macroeconomics cannot be entirely separated...

Which of the following will not shift a country’s production possibilities frontier outward ?

A. an advance in technology B. an increase in the labor force C. an increase in the capital stock D. a reduction in unemployment...