When economists study the interactions of different people, the focus of their studies is on
A) inequality of wealth.
B) many different individual plans that must be coordinated.
C) not enough jobs for everyone who wants one.
D) people's excessive attachment to their own interests.
E) too many dollars chasing too few goods.
B
Economics
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In the expanded circular flow diagram, the rest of the world interacts directly with
A) product markets. B) factor markets. C) households. D) firms.
Economics
An unintended byproduct of a market exchange that is allocated outside the market system is _____
a. a restrictive covenant b. an externality c. a pollution right d. an external damage
Economics