In the circular flow model, money flows from the business sector to the household sector through the:

a. product market.
b. capital market.
c. goods market.
d. services market.
e. resource market.

e

Economics

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Refer to Figure 24-2. Ceteris paribus, a decrease in productivity would be represented by a movement from

A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.

Economics

Which of the following is an example of opportunity cost not measured by money cost?

A. The time spent eating a business lunch at a restaurant B. The time spent preparing a meal eaten at home C. The time spent studying to obtain an “A” in economics D. The time spent repairing a car in one’s own garage E. All of the responses are correct.

Economics