The circular-flow diagram illustrates all of the following in the U.S. economy EXCEPT:
A) growing income inequality.
B) flows of money.
C) flows of goods and services.
D) the purchase and sale of factors of production.
Correct Answer:
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Q2: According to the circular-flow diagram, which of
Q2: In the circular-flow diagram, firms:
A) demand goods.
B)
Q3: The national income and product accounts keep
Q6: In the product markets:
A) households supply goods
Q7: In the factor markets:
A) households supply goods
Q8: In the circular-flow diagram, households:
A) supply goods.
B)
Q9: In the circular-flow diagram, an organization that
Q10: In the circular-flow diagram, the places where
Q18: The circular-flow diagram is important because it
Q19: In the circular-flow diagram, firms:
A) supply goods
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