Figure 2-2 -Refer to Figure 2-2.If the Outer Loop of This Circular-Flow

question 256

Multiple Choice

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

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

---

Definitions:

Goals

Targets or desired outcomes that an individual, group, or organization aims to achieve within a specific timeframe.

Specific

Clearly defined or identified; in a business context, it often refers to precise goals, objectives, or tasks that have distinct boundaries and requirements.

Measurable

Capable of being quantified or assessed through specific metrics or criteria.

Attainable

Something that can be achieved with effort, within the bounds of possibility.