Exhibit 3-2
-Refer to Exhibit 3-2. In the circular flow diagram, goods and services:
A)flow in a clockwise direction.
B)flow in a counterclockwise direction.
C)are sold by businesses in the factor market.
D)none of the above

Question

​Exhibit 3-2 
-Refer to Exhibit 3-2. In the circular flow diagram, goods and services:
A)​flow in a clockwise direction. 
B)​flow in a counterclockwise direction. 
C)​are sold by businesses in the factor market. 
D)​none of the above

Quizplus · Accepted Answer

In the circular flow diagram, goods and services flow in a counterclockwise direction from businesses to households, while factors of production (like labor) and money flow in a clockwise direction.

​Exhibit 3-2 -Refer to Exhibit 3-2. in the Circular Flow Diagram, Goods

Exhibit 3-2 -Refer to Exhibit 3-2. in the Circular Flow Diagram, Goods