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IB Economics Unit 1.1: What is Economics? Scarcity Choice and the PPC (id: 8a30f

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admin 发表于 2024-4-2 21:23:17 | 显示全部楼层 |阅读模式
本题目来源于试卷: IB Economics Unit 1.1: What is Economics? Scarcity Choice and the PPC,类别为 IB经济学

[单选题]
Which of the following stalw 9old1*w4zn ttrsom n0 -gwt;t q33r9s;(ja lements is true?

A. Households only receive wages, rent, and interest as flows of income.
B. The payment to capital is profit.
C. In an open economy, all income is spent on domestically produced goods and services.
D. Government spending can be greater than tax revenue.


参考答案:  D


本题详细解析:
D
Factor of production (FOP)Payment to FOP (income)
LabourWages
CapitalInterest
LandRent
EntrepreneurshipProfit

Choice D is correct as governments can run a budget deficit by borrowing to finance spending greater than tax revenue.

Choice A is not the answer, as profitthe payment to entrepreneurshipalso flows to households.

Choice B is not the answer, as the payment to capital is interest.

Choice C is not the answer, as an open economy involves the foreign sector, meaning income will also be spent on foreign goods (exports).

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