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

Author Question: The observation that goods and services flow in one direction and money payments flow in another ... (Read 54 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
The observation that goods and services flow in one direction and money payments flow in another direction is the principle behind
 
  A) a barter economy. B) the circular flow of income.
  C) a pure command economy. D) the double coincidence of wants.

Question 2

The simple circular flow of income shows that the total income in an economy equals
 
  A) all taxes paid by households.
  B) total expenditures.
  C) the total amount of money supplied by the government.
  D) total profits earned by firms.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ... One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ...
A chart derived from a flow sheet. A chart derived from a flow sheet.
Blowby gases coming out of the crankcase vent hose. Excessive amounts of combustion gases flow ... Blowby gases coming out of the crankcase vent hose. Excessive amounts of combustion gases flow ...
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ... Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ...
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library