Multiple Choice
The flows of money compared to the flow of resources, goods, and services in the circular flow model
A) occur only once, then they become stocks (as opposed to flows)
B) are equivalent when the number of households equals the number of firms
C) move in the same direction as long as payments equal revenue
D) always lag behind the flow of resources, goods, and services
E) move in the opposite direction
Correct Answer:

Verified
Correct Answer:
Verified
Q22: The circular flow diagram is<br>A) an accurate
Q23: Draw a circular flow model depicting both
Q24: To be valid, an economic model must<br>A)
Q25: One of the most important assumptions that
Q26: An economy is associated with every productive
Q28: Consumer sovereignty refers to a situation in
Q29: Which of the following activities would occur
Q30: According to your textbook, profit is a
Q31: Economists argue that when the price of
Q32: We wouldn't have to make choices if