In a Circular-Flow Diagram, Spending on Goods and Services Flows

question 3

True/False

In a circular-flow diagram, spending on goods and services flows from households to firms and income flows from firms to households.

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Definitions:

Single Male

Refers to a man who is not married, engaged, or in a relationship at the current time.

Polyandry

A form of marriage in which a woman has more than one husband at the same time.

Two Males

A reference to situations, studies, or contexts involving two male individuals or subjects.

Single Female

typically refers to a woman who is not currently in a marital or romantic relationship and may focus on such statuses for demographic, social, or psychological studies.