umuc econ201 quiz 1 latest 2015 december 31st

Jul 3rd, 2016
Studypool Tutor
Price: $15 USD

Tutor description

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 government, and households buy goods and services from businesses. b) Households buy factors of production from businesses, and businesses buy goods and services from households. c) The government purchases resources from businesses and households and then sells goods and services to businesses and households. d) Businesses buy resources from households, and households use their income from the sale of resources to buy goods and services from businesses. Question 3 1 / 1 point In a marke

Review from student

Studypool Student
" Very Satisfied. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors