Which Is True of Leakages and Injections in the Circular

question 145

Multiple Choice

Which is true of leakages and injections in the circular flow?

• A)Leakages minus injections equal GDP.
• B)Injections minus leakages equal GDP.
• C)Leakages minus injections equal zero in equilibrium.
• D)Domestic leakages must equal domestic injections.
• E)Leakages must be greater than injections for the economy to be growing.

Examine the role of permit trading in achieving pollution reduction at lower costs.

Identify the equilibrium condition where marginal social benefit equals marginal social cost.

Understand how taxation affects firms' decisions on pollution emission levels.

Evaluate the implications of different government strategies on environmental outcomes.

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Definitions:

Extrinsic Rewards

Extrinsic Rewards are external incentives given to employees, such as pay raises, bonuses, and recognition, to motivate performance.

Task Identity

The degree to which a job involves completing a whole and identifiable piece of work from start to finish with a visible outcome.

Job Satisfaction

The level of contentment employees feel about their work, which can influence their motivation, performance, and retention.

Contingent Time Off

Time off from work that is not planned in advance and depends on certain conditions being met.