ECO 102 Macroeconomics Unit 1 Milestone 1 Sophia Course
Click below link for Answer
https://www.sobtell.com/q/tutorial/default/206965-eco-102-macroeconomics-unit-1-milestone-1-sophia-c...
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ECO 102 Macroeconomics Unit 1 Milestone 1 Sophia Course
Click below link for Answer
https://www.sobtell.com/q/tutorial/default/206965-eco-102-macroeconomics-unit-1-milestone-1-sophia-c
https://www.sobtell.com/q/tutorial/default/206965-eco-102-macroeconomics-unit-1-milestone-1-sophia-c
1
According to a circular flow diagram, which of the following flows FROM government TO households?
Taxes
Profits, dividends and rent
Wages, interest and transfer payments
Purchase of goods and services
Circular Flow Diagram
2
Which statement below about economics is false?
Economics is part of the humanities because it studies human decision-making.
Macroeconomics studies the application of economics across an economy.
Most questions about economics address the central banking system and financial economics.
Microeconomics studies decision-making at the individual level.
What is Economics?
3
Select the statement below that is true for BOTH supply AND demand.
Considers the
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