In the Circular Flow Model,the Value of Total Income for an Economy

question 97

Multiple Choice

In the circular flow model,the value of total income for an economy ________ the value of total production.

• A)equals
• B)is greater than
• C)is less than
• D)may be greater than or less than

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Definitions:

Social Trap

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Greenhouse Gases

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Fuel-Inefficient Car

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Reciprocity Norm

A social norm dictating that people should repay, in kind, what another person has provided or done for them, fostering cooperative relationships.