In a Circular-Flow Diagram, Spending on Goods and Services Flows

question 3

True/False

In a circular-flow diagram, spending on goods and services flows from households to firms and income flows from firms to households.

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Definitions:

PLC Editing Functions

Features within a PLC programming environment that allow the programmer to make changes, corrections, or updates to the PLC program.

Instructions

Commands or orders given to a computer processor to perform specific operations during the execution of a program.

Temporary End Instruction

A directive in programming that signifies a temporary halt or pause in the execution of a sequence of code.

Logic Being Scanned

Refers to the process in programmable logic controllers (PLCs) where the programmed logic is sequentially checked or executed.