Which economic concept does the expression "time is money" reflect?

a. opportunity cost
b. specialization
c. market exchange
d. comparative advantage
e. efficiency

A

Economics

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Which of the following is a flow in the circular flow model?

A) the flow of profit and the flow of revenue B) the flow of income earned by firms and the flow of expenditures earned by households C) the flow of revenue received by firms and the flow of payments to resource owners D) the flow of goods and services from households to firms

Economics

Countries that have policies that encourage unemployment should be expected to have more unemployed workers

a. True b. False Indicate whether the statement is true or false

Economics