Multiple Choice
Exhibit 3-2 
-Refer to Exhibit 3-2. In the circular flow diagram, payments for goods and services:
A) flow in a clockwise direction.
B) flow in a counterclockwise direction.
C) are received by firms in the factor market.
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q19: A devastating earthquake destroys ten percent of
Q20: A production possibilities curve will be concave
Q21: Exhibit 3-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-9
Q22: Which of the following would be likely
Q23: The production possibilities curve marks the boundary
Q25: Exhibit 3-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-9
Q26: A market system:<br>A)produces answers to a society's
Q27: Exhibit 3-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-7
Q28: Which of the following best distinguishes a
Q29: Exhibit 3-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-14