Consumption increase as income increases.

• true

• false

People tend to save more as their income decrease

• true

• false

Savings refer to the portion of income that is not spent.

• true

• false

The aim of investment is to keep the value of money.

• true

• false

Microeconomics refers to government spending and savings.

• true

• false

Households sell labour to businesses.

• true

• false

Firms sell goods and services to households.

• true

• false

Firms sell goods and services to households.

• true

• false

The circular flow of income shows how money move in the economy.

• true

• false

In the market economy, the household is a combination of males and females in the society.

• true

• false