Which One of the Following Statements Is True

question 128

Multiple Choice

Which one of the following statements is true ?

• A) Resources flow from the government to households.
• B) Resources flow from firms to households.
• C) Taxes flow from firms to the government.
• D) Resource payments flow from firms to households
• E) Imports flow from firms to foreign economies.

---

Definitions:

Supply Decrease

A situation in economics where the amount of a certain good or service that producers are willing to provide at a specific price level reduces.

Demand Decrease

A reduction in the quantity of a good or service that consumers are willing and able to purchase at various prices.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price over a specific period.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a specific price level.