________ Was the First Person to Propose a Consistent "Modern

question 46

Multiple Choice

________ was the first person to propose a consistent "modern" atomic theory.

• A)Dalton
• B)Democritus
• C)Proust
• D)Lavoisier

Identify the role of households and firms in the circular-flow diagram.

Recognize the factors of production and their significance in the economy.

Comprehend the concept of the production possibilities frontier and its implications.

Analyze efficient, feasible, and infeasible outcomes in the context of the production possibilities frontier.

---

Definitions:

Treasury Bond

Long-term, interest-bearing securities issued by the U.S. government as a means of borrowing money to fund government spending.

Corporate Stock

Represents ownership shares in a corporation, allowing shareholders to claim a portion of the company's profits.

Expected Rate

The projected or anticipated rate of return on an investment over a specific period.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.