Which statement is true? a savings are a leakage in the circular flow of income. b households pay wages to businesses. c exports are leakages in the circular flow of income. d taxes paid to the government have no direct effect on the economy.

A Savings are a leakage in the circular flow of income.

Explanation:

Saving is the action of separating a part of the income that a person or company obtains in order to save it for future use, be it for any expected or unforeseen expenses, economic emergency or a possible investment. economic theory savings refers to the part of income or income not dedicated to consumption, but for other purposes and is an important economic concept. There are various types of savings as well as various financial instruments designed to increase the savings that are intended to be made.

federal appellate courts are called courts of appeals. cases can be further appealed to the u.s. supreme court. cases are heard for the first time in a trial court. if either party disagrees with the decision in the trial court, they can appeal, asking a higher court to review the decision.

states

explanation:

as the old saying goes, all politics are local. state and federal governments affect our daily lives in numerous ways. yet, in our federal system, there is supposed to be a balance between federal and state power. as james madison envisioned it in federalist no. 51, “the power surrendered by the people” would be “divided between two distinct governments,” creating a balance of power that would enable the “different governments [to] control each other.”