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Author Question: The circular flow diagram shows that A) households spend all their income on goods and services. ... (Read 109 times)

hubes95

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on: Jun 29, 2018
The circular flow diagram shows that
 
  A) households spend all their income on goods and services.
  B) the value of total income is equal to the total value of expenditures on final goods and services.
  C) firms pay households wages, and households receive transfer payments from firms.
  D) GDP will be less than the total value of expenditures on final goods and services in the economy.

Question 2

Sequential games are used to analyze
 
  A) second-price auctions.
  B) cartels.
  C) situations in which one firm acts and other firms respond.
  D) firms that are subject to the prisoner's dilemma.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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durant1234

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Reply #1 on: Jun 29, 2018
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.
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hubes95

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

xiaomengxian

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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