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Author Question: Which of the following would most likely be defined as a final good? A) a computer tablet B) ... (Read 76 times)

james

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on: Jun 30, 2018
Which of the following would most likely be defined as a final good?
 
  A) a computer tablet B) wheat C) iron ore D) lumber

Question 2

In the simple circular flow model, total income in one nation must equal
 
  A) the sum of wages, rents, interest and profits.
  B) the yearly amount earned by that nation's resources.
  C) the total monetary value of all final goods and services.
  D) All of the above are correct.


lcapri7

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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