Which of the Following Is Not a Flow in the Circular

question 85

Multiple Choice

Which of the following is not a flow in the circular flow model?

• A)the flow of goods and services and the flow of resources to produce goods and services
• B)the flow of profit and the flow of revenue
• C)the flow of income earned by households and the flow of expenditures incurred by households
• D)the flow of revenue received by producers and the flow of payments to resource owners

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Definitions:

U.S. Employer

An individual, business, or organization that hires and pays for the services of workers in the United States.

Authorized To Work

Legally permitted to be employed in a given jurisdiction, typically referring to the status of immigrants or non-citizens.

Minimum Wage Laws

Regulations ensuring employees are paid at least a certain hourly rate by their employers.

Legal Minimum Rate

The lowest hourly wage that employers can legally pay their workers, as set by government legislation.