Which of the Following Is NOT Shown Explicitly in the Circular

question 52

Multiple Choice

Which of the following is NOT shown explicitly in the circular flow model?

• A) the governments' purchases in the goods market
• B) the taxes the governments collect from households
• C) the governments' interaction with firms
• D) the legal system
• E) the transfers the governments make to households

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Definitions:

Normally Closed

A term used to describe a switch or circuit condition where the default state is closed, allowing current to flow unless actuated to open.

Normally Closed

Refers to an electrical switch or relay configuration where the contacts are in a closed position, allowing current flow, when no actuating force is applied.

Inhibit

To prevent or restrict a particular action or operation, often used in the context of control systems.

Enable

To make something operational or to grant the authority or means to do something.