Multiple Choice
Which of the following is illustrated by the circular flow of income?
A) the flows of expenditures and income in a household
B) that firms own the factors of production
C) the interaction of households and firms through the factors and goods markets
D) that the flow of payments moves in the same direction as the flow of goods
E) that there is no relationship between goods markets and factor markets
Correct Answer:

Verified
Correct Answer:
Verified
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