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Author Question: The circular flow of income shows A) the dollar value of output is less than the total income. ... (Read 229 times)

Coya19@aol.com

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on: Jun 30, 2018
The circular flow of income shows
 
  A) the dollar value of output is less than the total income.
  B) the dollar value of output is exactly equal to the total income.
  C) the dollar value of output is more than the total income because of the existence of profits.
  D) the dollar value of output is more or less than the total income, depending on whether profits are positive or negative.

Question 2

The circular flow of income involves the idea that
 
  A) the seller of a good receives exactly the same amount as the buyer spends.
  B) in every economic exchange one party takes advantage of the other party.
  C) the seller of a good receives more than the buyer spends.
  D) the seller of a good receives less than the buyer spends.


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kalskdjl1212

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

B

Answer to Question 2

A


Coya19@aol.com

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Reply #2 on: Jun 30, 2018
Thank you


kalskdjl1212

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Reply #3 on: Jun 30, 2018
No problemo


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