The circular flow model is used to show the
A) flow of renewable natural resources.
B) expansions and contractions of economic activity.
C) recycling process of production materials.
D) flow of expenditures and incomes in the economy.
E) flow of supply and the flow of demand.
D
Economics
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Refer to Figure 3.2. Betty's dominant strategy is
A) North. B) West. C) East. D) Betty has no dominant strategy.
Economics
Which of the following claims is most likely to suffer from reverse causality?
A) Higher income increases consumption. B) Relatively wealthy people tend to be relatively healthy. C) More hours of study is likely to lead to better results. D) Crime rate is seen to be lower in countries having a higher level of poverty.
Economics