Multiple Choice
Which of the following holds true in a circular flow diagram?
A) Factor flows are represented by drawing arrows from the firm sector to the household sector.
B) Income flows are represented by drawing arrows from the household sector to firms.
C) Production flows are represented by drawing arrows from the firm sector to the household sector.
D) Expenditure flows are represented by drawing arrows from the firm sector to the household sector.
Correct Answer:
Verified
Correct Answer:
Verified
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