In the circular flow model, the value of total income for an economy ________ the value of total production
A) equals B) is greater than
C) may be greater than or less than D) is less than
A
Economics
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The market structure where there is a single supplier of a good or service for which there is no close substitute is
A) a price searcher. B) a monopoly. C) a tariff. D) the most economically efficient market structure.
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When discrimination occurs as a result of employer prejudice, discriminating firms do not maximize profits
a. True b. False Indicate whether the statement is true or false
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