The circular flow model shows the government purchasing goods and services with tax dollars
Indicate whether the statement is true or false
F
Economics
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A cash transfer payment is always preferred to an in-kind transfer payment of an equal size
a. True b. False
Economics
Which of the following market structures describes an industry in which a group of firms formally agree to control prices and output of a product?
a. Perfect competition. b. Monopoly. c. Oligopoly. d. Cartel. e. Monopolistic competition.
Economics