Refer to the Provided Figure

question 89

Multiple Choice

Refer to the provided figure. If box A represents households, D the resource market, and C businesses, then flow (8) would represent ___, while flow (7) would represent ___.

• A)goods and services; consumption expenditures
• B)consumption expenditures; goods and services
• C)resources; money income
• D)money income; resources

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Definitions:

Scope

The extent or range of coverage, application, or operation; the breadth of something.

Interests

Refers to the preferences or desires individuals or groups have, which often guide their actions and decisions.

Positions

The locations or roles assigned to individuals or things in relation to others within a structure, system, or context.

BATNA

Best Alternative To a Negotiated Agreement; the best course of action that a party can take if negotiations fail and an agreement cannot be reached.