Because Every Transaction Has a Buyer and a Seller

question 226

Multiple Choice

Because every transaction has a buyer and a seller,

• A)GDP is more closely associated with an economy's income than it is with an economy's expenditure.
• B)every transaction contributes equally to an economy's income and to its expenditure.
• C)the number of firms must be equal to the number of households in a simple circular-flow diagram.
• D)firms' profits are necessarily zero in a simple circular-flow diagram.

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Definitions:

Invasion Of Privacy

The infringement upon an individual’s personal life or space without consent, which can include actions such as stalking, unauthorized surveillance, or revealing personal information without permission.

Distinct Torts

Refers to unique or separate wrongful acts that lead to legal liability apart from contractual obligations.

Second Amendment

An amendment to the United States Constitution that protects the right of the people to keep and bear arms.

Actual Malice

A legal standard used primarily in libel and defamation lawsuits, indicating that a statement was made with knowledge of its falsity or with reckless disregard for the truth.