An import is a product
A) produced in and purchased by residents of the home country.
B) produced in the home country and sold in another country.
C) produced in and sold to the residents of a foreign country.
D) produced in a foreign country and purchased by the residents of the home country.
D
Economics
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The role of government in shifting the production possibilities curve to the right is considered:
A) supporting economic growth. B) redistributing income. C) providing certain goods and services. D) enforcing private property rights.
Economics
Within the circular flow model, which of the following is not represented as a flow of funds into firms?
A) Foreign purchases of goods and services. B) Income payments. C) Consumption spending. D) Government purchases.
Economics