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:

Indexing

The naming of a file.

Tapered Extension

A narrowing or reducing in thickness towards one end of an object or structure.

File Folder

A folder or holder used for organizing and storing papers and documents.

Permanent Tracks

Fixed pathways or routes that remain in a constant location over time, often referring to those used in transportation or infrastructure.