Use the following to answer questions .
Exhibit: Circular Flow Model
-(Exhibit: Circular Flow Model) The exhibit shows a simplified circular flow model where only consumption goods are being produced. The arrow marked "B" represents the flow of:
A) factors of production.
B) factor incomes.
C) personal consumption expenditures.
D) consumer goods and services.
Correct Answer:
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Q4: Which of the following is an example
Q5: What is the difference between a flow
Q6: Let C = consumption, I = private
Q7: The value of goods and services purchased
Q8: Which of the following is counted as
Q10: All of the following items are a
Q11: The value of an economy's total output
Q12: Use the following to answer questions .
Exhibit:
Q13: In the long run, a country's material
Q14: Use the following to answer questions .
Exhibit:
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