Individual consumers supply ________ and purchase ________.
A. national goods and services; factors of production
B. intermediate goods; final goods and services
C. final goods and services; factors of production
D. factors of production; final goods and services
Answer: D
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An indirect flow of funds occurs when
A) funds flow from saver-lenders to borrower-spenders through financial intermediaries. B) funds flow from saver-lenders to borrower-spenders through financial markets. C) funds flow to saver-lenders from borrower-spenders through financial intermediaries. D) funds flow to saver-lenders from borrower-spenders through financial markets.
What are the two features of money that distinguish it from all other goods in the economy?
A) Money is government issued and it is redeemable for gold or silver. B) Money is accepted as a medium of exchange and it is the common unit of account used to express prices. C) Money is part of every barter transaction and it is divisible. D) Money is a common unit of account and it is also can be traded for other currencies at a guaranteed exchange rate.