Exam 2: The U.S.and Global Economies

Most countries in the world are classified as

In the circular flow model,the factors of production flow in the

Terri is enrolled in her first economics course.She is required to give a presentation about the circular flow.Which of the following statements should she include in her presentation?

What would be an example of consumption good?

Economists classify energy and water as part of which factor of production?

An example of a money flow in the circular flow diagram is

Income taxes paid by corporations are

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

The income paid to labor is called

Describe the government's flows in the circular flow model of the economy.

In the circular flow model,consumption goods are bought and sold in the

Poland is classified as

In the advanced economies,________ of the factories use advanced capital equipment and in the developing economies ________ of the factories use advanced capital equipment.

Which of the following is a consumption good or service?

Explain the structure of the circular flow model.

An item that is purchased to increase businesses' productive resources is

An example of a capital good is

Most of the world's population lives in

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

In the circular flow model,rent,wages,interest,and profit paid flow from ________ through ________ to ________.