The Circular-Flow Diagram Illustrates

question 179

Multiple Choice

The circular-flow diagram illustrates:

• A) the minimum wage state by state.
• B) fluctuations in exchange rates.
• C) changes in worker productivity.
• D) the key concepts in the national accounts.

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Definitions:

Dealer Rebate

A financial incentive provided by manufacturers to dealers, typically after the sale of a product, to encourage stocking and selling their products.

Trade-in Allowance

The amount credited to the buyer by a seller when the buyer returns a product, typically used as part payment for a new purchase.

Federal Tax Credit

A financial incentive offered by the federal government, reducing the amount of income tax owed by an individual or business for certain investments or expenses.

Considerations

Factors thought about or taken into account before making a decision or judgment.