In the Circular Flow Model with the Government Sector,transfers

question 151

Multiple Choice

In the circular flow model with the government sector,transfers

• A) flow in the same direction as do taxes.
• B) flow in the opposite direction as do taxes.
• C) to households flow in the same direction as do expenditures on goods and services.
• D) to firms flow in the same direction as do rent, wages, interest, and profits.
• E) flow only through the goods market.

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Definitions:

Segmentation

The division of some animals and embryos into a series of repetitive segments, or a process of dividing data or objects into parts for analysis.

Accessory Organ

A supplementary organ that assists in the function of other organs within a system, such as the pancreas or gallbladder aiding in digestion.

Salivary Glands

Exocrine glands in the mouth that produce saliva, which begins the digestion process and keeps the mouth and digestive system moist.

Mastication

The process of chewing food in preparation for swallowing and digestion.