Solved

Refer to the Provided fiGure

Question 261

Multiple Choice

Refer to the provided figure. If box A represents households, D the resource market, and C businesses, then flow (8) would represent ___, while flow (7) would represent ___.
Refer to the provided figure. If box A represents households, D the resource market, and C businesses, then flow (8) would represent ___, while flow (7) would represent ___. A) goods and services; consumption expenditures B) consumption expenditures; goods and services C) resources; money income D) money income; resources


A) goods and services; consumption expenditures
B) consumption expenditures; goods and services
C) resources; money income
D) money income; resources

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q256: What are the two main problems that

Q257: Businesses seeking higher profits and resource suppliers

Q258: In a market system, entrepreneurs start businesses

Q259: Specialization in production is important primarily because

Q260: An economic system in which money is

Q262: By freedom of enterprise, we mean that

Q263: Innovation lagged in the centrally planned economies

Q264: Economic systems differ according to which two

Q265: The competitive market system<br>A) encourages innovation because

Q266: Of the following countries, which one best