Exam 2: The Usand Global Economies

Human capital is

The United States possesses a large amount of human capital.As a result of this fact,in the United States there is a

An example of a capital good is

Of the following,the largest source of revenue for the federal government is

________ choose the quantities of goods and services to produce,while ________ choose the quantities of goods and services to buy

Goods and services are produced by using four factors of production:

The personal distribution of income measures which of the following?

The Colorado Ski Shop sold 60 ski jackets to a Belgium company's headquarters located in Paris,France.The ski jackets are a

Goods and services bought by the government account for about ________ percent of total production.

In the circular flow model,which of the following is on the selling side in the goods market?

Which factor of production is paid "interest"?

In the United States,the poorest 20 percent of households earn roughly ________ percent of total income.

The most people live in ________ economies and the fewest people live in ________ economies.

Compared to the developing economies,the advanced economies have ________ human capital and ________ physical capital.

The decisions of firms and households are

As the circular flow model shows,the factors of production flow from

In the circular flow model,

What determines the revenue flows received by businesses?

Aaron locked himself out of his house and had to pay $40 to Brianna,who works for Lucky Locksmith,to open his door.Based on this transaction in the economy and using concepts from the circular flow model,which of the following is true?

Of the following,the federal government obtains most revenue from