Solved

In the Circular-Flow Diagram, Which Flows Are Involved

Question 44

Multiple Choice

In the circular-flow diagram, which flows are involved?


A) Income from factors of production flows from firms to households.
B) Goods and services flow from households to firms.
C) Factors of production flow from firms to households.
D) Spending on goods and services flow from firms to households.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: Why do economists use models?
A) to learn

Q40: When studying the effects of public policy

Q41: What is a characteristic of factors of

Q42: Figure 2-2 Figure 2-2 </p></div><svg width=

Q43: In the factors of production market, how

Q45: Figure 2-2 Figure 2-2 </p></div><svg width=

Q46: Figure 2-1 Figure 2-1 </p></div><svg width=

Q47: Figure 2-1 Figure 2-1 </p></div><svg width=

Q48: What is a characteristic of the circular-flow

Q49: Figure 2-1 Figure 2-1 </p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents