In the Circular-Flow Diagram

question 224

Multiple Choice

In the circular-flow diagram,

• A)factors of production flow from government to firms.
• B)goods and services flow from households to firms.
• C)income paid to the factors of production flows from firms to households.
• D)spending on goods and services flows from firms to households.

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Definitions:

Florence

A historic city in central Italy known for its immense contribution to art, architecture, and culture during the Renaissance, home to many masterpieces of Renaissance art and architecture.

Pisa

A city in Tuscany, Italy, known for its iconic Leaning Tower and significant contributions to medieval Italian art and architecture.

Metalworker

A craftsman skilled in creating objects out of metal through various techniques like forging, welding, and casting.

Romanesque

“Roman-like.” A term used to describe the history, culture, and art of medieval western Europe from ca. 1050 to ca. 1200.