In the Circular-Flow Diagram, One Loop Represents the Flow of Goods

question 130

True/False

In the circular-flow diagram, one loop represents the flow of goods, services, and factors of production, and the other loop represents the corresponding flow of dollars.

---

Definitions:

Whiny

Characterized by a complaining or grumbling tone or behavior, often perceived as irritating.

Effective Service

Delivery of services in a manner that achieves desired outcomes efficiently and satisfactorily.

Judging

The process of forming opinions or conclusions about people or situations, often involving assessment against certain criteria or standards.

Criticizing

Criticizing involves expressing disapproval or pointing out the faults or mistakes of someone or something, often in a negative manner.