Postwar globalization is not our first experience with worldwide globalization

In the simple circular flow diagram, the flow of money from the firms to the markets for factors of production is called

a. spending. b. revenue. c. income. d. wages, rent, and profit.

Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow. Figure 2.1Refer to Figure 2.1. If Macroland's economy is at Point A, it could produce more capital goods

A. only with additional resources. B. without sacrificing any consumer goods. C. only by sacrificing some consumer goods. D. only with technological improvements.