A circular flow model shows the interrelationship between the ________ markets and the ________ markets

A) expenditure; income
B) household; goods
C) business; household
D) goods; factor
E) household; factor

D

Economics

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If you get a job and are never required to join the union, this is known as a(n)

A) closed shop. B) open shop. C) agency shop. D) union shop.

Economics

Stability and equity are two principles associated with

a. private goods as opposed to public goods b. public goods, such as public assistance and defense c. merit goods, such as public assistance and agriculture d. transfer payment programs, such as education and natural resources e. transfer payment programs, such as public assistance and agriculture

Economics