In the circular-flow diagram,
a. factors of production flow from government to firms.
b. goods and services flow from households to firms.
c. income paid to the factors of production flows from firms to households.
d. spending on goods and services flows from firms to households.
c
Economics
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As a result of importing a good, domestic producers ________ the quantity produced and the price of the good ________
A) increase; falls B) increase; rises C) decrease; falls D) decrease; rises E) decrease; does not change
Economics
________ is (are) an example of selling externality rights.
A. Direct subsidies for positive externalities B. Government imposed taxes C. Auctioning the right have a garage sale each year D. Having the damaged party avoid the damage
Economics