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ECO 102 Macroeconomics Unit 1 Milestone 1 Sophia CourseClick below link for Answer-1-sophia-c-1-sophia-c1According to a circular flow diagram, which of the following flows FROM government TO households? TaxesProfits, dividends and rentWages, interest and transfer paymentsPurchase of goods and servicesCircular Flow Diagram
2Which statement below about economics is false?
What is Economics?3Select the statement below that is true for BOTH supply AND demand.
4Which statement below is false regarding the circular flow diagram?
Circular Flow Diagram5Which of the following kinds of unemployment is Naomi experiencing if she has a degree in a field that is experiencing a great deal of growth at the moment but is having a difficult time finding work because she just moved to a new city and does not know anyone yet?FrictionalSeasonalCyclicalStructuralUnemployment/Full Employment - Frictional / Structural / Cyclical
Which definition below corresponds to economic indicators?
Why Study Macroeconomics?7Which statement below is true about aggregate demand?