The circular flow model of the economy shows
a. the flow of money, goods, and services between households and firms
b. why specific flows occur
c. the relationship between money and goods within households
d. the relationship between resources and the prices of resources
e. the flow of resources from households to firms
A
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If a tax is imposed on each unit of a good purchased, ________
A) the supply curve shifts to the right B) the supply curve shifts to the left C) the demand curve shifts to the right D) the demand curve shifts to the left
Most changes in tax laws tend to be small changes because _____
a. the organizing costs of large coalitions are too high b. logrolling is easier when tax laws effect only a small number of individuals c. special interests are constantly demanding changes that will benefit them d. of the rules of the Senate