One person's spending becomes another person's income. This statement is
a. the basis for all economics.
b. the Quantity Theory of Money.
c. the Marginal Productivity Theory of Resource Allocation.
d. the Circular Flow Model.
e. profit maximization rule for perfectly competitive firms.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “One person's spending becomes another person's income. This statement is a. the basis for all economics. b. the Quantity Theory of Money. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
How do I know if I have enough money to buy a Kate spade bag?
Answers (1)
The first two closing entries to the Income Summary account indicate a debit of $57,750 and a credit of $69,700. The third closing entry would be: Multiple Choice debit Income Summary $11,950; credit Drawing $11,950.
Answers (1)
Keating Co. is considering disposing of equipment with a cost of $72,000 and accumulated depreciation of $50,400. Keating Co. can sell the equipment through a broker for $26,000 less 10% commission. Alternatively, Gunner Co.
Answers (1)
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of $50,000, technology costs of $75,000, and research and development costs of $200,000.
Answers (2)
The budgeting process does not involve which of the following activities? a. Increase in sales by increasing marketing efforts. b. Execution of plans to achieve goals. c. Periodic comparison of actual results to goals. d.
Answers (1)
New Questions in Business
The strategic approach to OB applies to A. the public sector B. the not-for-profit sector C. technical businesses D. education organizations E. All of the above are correct
Answers (1)
When there are many producers and many consumers in an economy, the best way to achieve an efficient allocation of resources is to have a A. single planner who makes all production decisions and allocates all goods and services to consumers. B.
Answers (1)
Consider the market in which clothing producers operate. Suppose productivity decreases in the factory producing jeans. Explain how this event will change the quantity of jeans supplied and the supply of jeans today. A.
Answers (1)
Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with terms of 2/10, EOM. Blue Company is entitled to a 40% trade discount.
Answers (1)
Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the plaintiff wins. Under this contract A. the risk is shared. B. the lawyer bears all of the risk. C.
Answers (1)