UMUC ECON201 QUIZ 1 LATEST 2015
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Question
Chapter 1 Random
Question 1 1 / 1 point
The circular flow diagram of economic activity is a model of the:
a) flow of goods, services, and payments between households and firms.
b) role of unions and government in the economy.
c) interaction among taxes, prices, and profits.
d) influence of government on business behaviour.
Chapter 1 random definitions
Question 2 1 / 1 point
Which of the following best characterizes the circular flow of income?
a) Businesses buy resources from the govern...
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UMUC ECON201 QUIZ 1 LATEST 2015•UMUC ECON201 QUIZ 1 LATEST 2015
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Question
Chapter 1 Random
Question 1 1 / 1 point
The circular flow diagram of economic activity is a model of the:
a) flow of goods, services, and payments between households and firms.
b) role of unions and government in the economy.
c) interaction among taxes, prices, and profits.
d) influence of government on business behaviour.
Chapter 1 random definitions
Question 2 1 / 1 point
Which of the following best characterizes the circular flow of income?
a) Businesses buy resources from the govern...