Figure 2-2 -Refer to Figure 2-2.The Figure Represents a Circular-Flow Diagram.If the a Circular-Flow

question 202

Multiple Choice

Figure 2-2

-Refer to Figure 2-2.The figure represents a circular-flow diagram.If the outer loop represents flows of dollars,then the inner loop includes

• A)flows of goods and services, of which households are sellers.
• B)flows of inputs, of which firms are buyers.
• C)flows of rent payments paid to owners of land.
• D)flows of wages and salaries paid to workers.

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Termination

involves the formal process of ending the employment or contractual relationship with an individual or entity, often due to performance issues, restructuring, or economic constraints.

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The long-term advantages an organization gains from implementing certain actions, policies, or investments, contributing to its overall objectives.

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Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.