Figure 2-1
-Refer to Figure 2-1. Which arrow represents the flow of spending by households?
A) B
B) A
C) C
D) D
Correct Answer:
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Q210: In the circular-flow diagram, which of the
Q211: Which of the following statements about models
Q212: Economists make assumptions to
A)minimize the number of
Q213: In the simple circular-flow diagram, the participants
Q214: Another term for factors of production is
A)inputs.
B)output.
C)goods.
D)services.
Q216: In the circular-flow diagram,
A)factors of production flow
Q217: In the markets for goods and services
Q218: Which of the following transactions does not
Q219: Which of the following is an example
Q220: The inner loop of the circular-flow diagram
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