It can be derived from the text that a tax placed on a product whenever value is added at a stage of production and at final sale is typically referred to as

Date: 2015-10-07; view: 487.

Judging by what you have derived from the text, which do you think of the basic economic variables can be defined as “The general condition in which resources are willing and able to produce goods and services but are not engaged in productive activities”?

It can be inferred from the text that “injections” can be defined as

It can be derived from the text that “leakages” can be defined as

What is most likely the source the text has been taken from?

Which of the following is the main idea of the text?

Economic Essentials

Unit 2 Reading Self – Control Test

(A) The cumulative effects of the changes of basic economic variables on the firm.

(B) The basic economic variables.

(C) Circular flow model of national income.

(D) Modified national income model.

(A) a government's report

(B) a textbook

(C) a newspaper

(D) a firm's financial report

(A) output

(B) the resources or factors of production used in the production of a firm's output.

(C) a non-consumption expenditure on gross domestic product, including investment expenditures, government purchases, and exports.

(D) a non-consumption use of income, including savings, taxes, and imports.

(A) input

(B) the resources or factors of production used in the production of a firm's output.

(C) a non-consumption expenditure on gross domestic product, including investment expenditures, government purchases, and exports.

(D) a non-consumption use of income, including savings, taxes, and imports.

(A) inflation

(B) public spending

(C) unemployment

(D) taxation

(A) capital gains and inheritance tax

(B) value added tax

(C) excise duties

(D) corporation tax