In the simple circular flow model, the funds received by a carmaker when it sells a car goes to
A) only the owners of the carmaker.
B) the owners of all of the resources used to make the car.
C) the workers who helped build the car.
D) the owners of firms who sold materials to the carmaker, and the rest stays with the firm.
B
Economics
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A common resource is used efficiently if
A) the output is maximized. B) marginal social benefit equals marginal social cost. C) marginal private benefit equals marginal private cost. D) marginal social benefit is maximized.
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A decrease in the price of a substitute shifts the demand curve to the _______
a. right b. left c. it does not change the demand curve d. none of the above
Economics