Multiple Choice
Which of the following are represented by the same flow in the circular flow model?
A) the flow of goods and the flow of factors of production
B) the flow of costs and the flow of revenue
C) the flow of income earned from the sale of resources and the flow of expenditures on goods and services
D) the flow of income received by households and the flow of tax revenues paid by firms
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Figure 2-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-5
Q9: Figure 2-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-3
Q10: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-4
Q11: Table 2-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 2-9
Q12: Table 2-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 2-8
Q14: The recession of 2007-2009 would most likely
Q15: When a celebrity has the desire to
Q16: Firms<br>A)have no influence on the circular flow
Q17: A decrease in the unemployment rate may
Q18: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 2-4