Refer to the diagram. Flow 3 represents:
A. wage, rent, interest, and profit income.
B. land, labor, capital, and entrepreneurial ability.
C. goods and services.
D. consumer expenditures.
C. goods and services.
Economics
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The classical economists believed __________ determined savings, while Keynes said it was __________
A) interest rates; income B) income; investment C) investment; interest rates D) interest rates; investment
Economics
A nation’s citizens often dislike the economy’s distribution of income. Explain two methods for creating a more equal distribution of income.
What will be an ideal response?
Economics