An Example of a Real Flow in the Circular Flow

question 149

Multiple Choice

An example of a real flow in the circular flow diagram is

• A) a household's supply of work effort at its new business.
• B) the government's payment of wages to a soldier.
• C) Nike's payment of wages to workers in China.
• D) your county's collection of property taxes.
• E) a teacher's salary at the local high school.

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Definitions:

Sarbanes-Oxley Act

U.S. legislation enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations, increasing transparency and accountability in corporate governance.

Unlawful Conduct

Actions or behaviors that are illegal or prohibited by law.

Codes of Conduct

A set of rules outlining the responsibilities and proper practices for an individual or organization.

Business Ethics

Standards of conduct and moral values regarding right and wrong actions in the work environment.