The Circular-Flow Diagram Shows How

question 222

Multiple Choice

The circular-flow diagram shows how:

• A)banks receive deposits and create money.
• B)money,goods and services,and factors of production flow through the economy.
• C)the various levels of government allocate tax revenues to meet the needs of society.
• D)the work force is educated and trained to increase labor productivity.

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Definitions:

Deserved

Something deemed to be earned or merited based on actions or qualities.

Conscientious Objection

The refusal to perform a legal role or duty on the grounds of personal beliefs or principles, often seen in military service or medical procedures.

Zealousness

The quality of being fervently passionate or devoted to a cause, activity, or goal.

Obligation

A duty or commitment that an individual is required to fulfill by law, promise, or moral principles.