Which of the Following Are Represented by the Same Flow

question 13

Multiple Choice

Which of the following are represented by the same flow in the circular flow model?

• A)the flow of goods and the flow of factors of production
• B)the flow of costs and the flow of revenue
• C)the flow of income earned from the sale of resources and the flow of expenditures on goods and services
• D)the flow of income received by households and the flow of tax revenues paid by firms

---

Definitions:

Worldview II

A person’s or group’s comprehensive outlook or perspective on life and the world around them, distinguished here as a second version or interpretation.

Operationalization

The process of defining the measurement of a phenomenon that is not directly measurable, by assigning it a quantitative value.

Tenacity

The quality or state of being very determined and persistent in pursuing goals.

Intuition

An immediate understanding of knowledge without the need for conscious reasoning.