Which of the Following Is Not a Flow in the Circular

question 85

Multiple Choice

Which of the following is not a flow in the circular flow model?

• A)the flow of goods and services and the flow of resources to produce goods and services
• B)the flow of profit and the flow of revenue
• C)the flow of income earned by households and the flow of expenditures incurred by households
• D)the flow of revenue received by producers and the flow of payments to resource owners

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Definitions:

Settlement Agreement

A legally binding contract that resolves a dispute between parties outside of court, usually involving some form of compensation.

Unable

The condition of not having the necessary means, knowledge, or opportunity to do something.

Duty of Loyalty

A legal obligation of individuals in fiduciary positions to act in the best interest of the entity they are duty-bound to.

Rights of Way

The legal right, established by usage or grant, to pass along a specific route through grounds or property belonging to another.