Refer to Figure 2-16. One segment of the circular flow diagram in the figure shows the flow of goods and services from market C to economic agents A. What is market C and who are economic agents A?
A) C = factor markets; A = households B) C= product markets; A = firms
C) C = factor markets; A = firms D) C = product markets; A = households
D
Economics
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Which of the following would be most likely to enhance the growth rate of an economy?
a. imposition of a quota restricting the quantity of steel imports b. gradual elimination of all tariffs over the next 10 years c. legislation limiting the number of hours employees can work during a week to 32 d. legislation requiring employers to provide one year of severance pay to any employee who is dismissed from employment
Economics
Why is the Chair of the Fed Reserve considered by many to be the most powerful person in the economic world?
What will be an ideal response?
Economics