This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The major lesson of the circular flow diagram is that (Read 33 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Apr 19, 2019

Question 1

A household that spends less than it receives in income during a given period is


◦ saving.
◦ dissaving.
◦ running a deficit.
◦ receiving transfer payments.

Question 2

The major lesson of the circular flow diagram is that


◦ saving must always be less than investment.
◦ taxes must always be greater than government expenditures.
◦ total income in the economy must always equal total spending.
◦ tax receipts must be equal to transfer payments
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ARLKQ on Apr 19, 2019

BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


ARLKQ

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Apr 19, 2019
Thank you!


BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Teres Major & Teres Minor Teres Major & Teres Minor
General differences in food webs and carbon flow among terrestrial and aquatic ecosystems (adapted f General differences in food webs and carbon flow among terrestrial and aquatic ecosystems (adapted f
Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i
Schematic Diagram Schematic Diagram
Global Energy Flow Global Energy Flow
Major band of storms Major band of storms
Video: Adolescent Diabetes

For a complete list of videos, visit our video library