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 ___.
A) goods and services; consumption expenditures
B) consumption expenditures; goods and services
C) resources; money income
D) money income; resources
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Freedom of enterprise<br>A) is a characteristic that
Q64: The distribution of income in a market
Q67: Which of the following is the main
Q85: In the circular flow model, households earn
Q86: If economic profits in a particular industry
Q87: According to the circular flow model of
Q91: Bitcoin mining operations tend to maximize profits
Q93: Costs can be defined as total payments
Q94: The competitive market system<br>A)encourages innovation because government
Q108: Command systems are also known as<br>A) market