Money is ________ because goods and services are sold for money, then the money is used to purchase other goods and services.

Governments may use microeconomic models to study the effects of a new tax on

A) the prices consumers pay. B) the money supply. C) the prices charged by producers. D) A and C

The vicious cycle of poverty is characterized by

a. low factor mobility b. little institutional rigidity c. high capital accumulation d. continual technological change e. all of the above