The outer loop of the simple circular flow of income, comprising only households and firms, captures the flow of _____.
A) taxes and government spending
B) wages and spending on goods and services
C) savings and investments
D) exports and imports
Correct Answer:
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Q1: In the simple circular flow of income
Q2: An injection into the circular flow is
Q4: Which of the following statements is true?
A)
Q5: When the factors of production are hired
Q6: The simple circular flow model shows that
Q7: The key policy inputs controlled directly by
Q8: Which of the following would suggest that
Q9: Which of the following entities cause an
Q10: In the early 2000s the UK economy
Q11: In the circular flow model, the factors
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