Which of the following represents a typical "real" flow (as opposed to a financial flow) in the circular flow of income?
A) goods going from producers to consumers
B) factor services going from producers to consumers
C) goods going from consumers to producers
D) money payments going from consumers to producers
E) money payments going from producers to consumers
Correct Answer:
Verified
Q101: If an economy exhibits the specialization of
Q102: In the Canadian economy,most decisions regarding resource
Q103: Trade did not take place before the
Q104: Which of the following is illustrated by
Q105: The famous economist who first described the
Q107: Economists usually assume that individuals and firms,respectively,maximize
A)income
Q108: Money facilitates trade and specialization by
A)allowing an
Q109: Which of the following results from the
Q110: A greater specialization of labour leads to
Q111: An economic system that relies primarily upon
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents