Refer to the provided figure. If box A represents households, B the product market, and C businesses, and if flow (3) represents revenues, then flow (1) would represent
A) costs.
B) money income.
C) consumption expenditures.
D) resources.
Correct Answer:
Verified
Q199: Which of the following would be primarily
Q204: Refer to the provided figure. If box
Q204: Which of the following is not a
Q217: Most market economies, such as the U.S.
Q244: The simple circular flow model shows that
Q245: In the circular flow diagram, firms get
Q250: According to the circular flow model, product
Q252: In a market system, a firm's employees
Q257: The money income of households consists of
Q277: One essential trade-off involving business risk in
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