Refer to the diagram below. If box E represents government, box C businesses, and box A households, then flows (11) and (12) would represent:



A. Goods and services



B. Government expenditures



C. Resources



D. Net taxes

D. Net taxes

Economics

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With the Troubled Asset Relief Program (TARP), the Treasury provided funds to banks in exchange for stock

Indicate whether the statement is true or false

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Cash payments to a steel mill for steel used in production would be an example of:

A. entrepreneurial costs. B. fixed costs. C. explicit costs. D. implicit costs.

Economics