Refer to the above figure. If box A represents households, B the product market, and C businesses, then flow (2) and flow (4) would represent:
A) Resources
B) Goods and services
C) Revenues
D) Money incomes

Question

Refer to the above figure. If box A represents households, B the product market, and C businesses, then flow (2) and flow (4) would represent:
A) Resources 
B) Goods and services 
C) Revenues 
D) Money incomes

Quizplus · Accepted Answer

Flow (2) represents the flow of resources from households to businesses, and flow (4) represents the flow of goods and services from businesses to households through the product market. Therefore, the best choice is B, goods and services.

Refer to the Above Figure