19.Macroeconomists study a decisions of households and firms. b.leconomy-wide ph

Question

19.Macroeconomists study a decisions of households and firms. b.leconomy-wide phenomena c.the interaction of households and firms d.regulations of firms and unions. 20. In a simple circular-flow diagram, total income and total expenditures in an economy are a. equal because firms are ultimately owned by households. c. equal because every transaction has a buyer and a seller d. never equal because some people's income is not for production 2 An Italian company opens a pasta company in the U.S. The profits from this pasta company are included in a. lboth U.S, and Italian GNP b.lboth U.S and Italian GDP c.U.S. GDP and Italian GNP d.U.S. GNP and Italian GDP

Explanation / Answer

19. The correct answer is B.

20. The correct answer is B.

21. The correct answer is C.

22. The correct answer is C.

23. The correct answer is B.

24. The correct answer is B.

25. The correct answer is D.

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