Statement I

question 195

Multiple Choice

Statement I.The circular flow model traces the flow of money,resources,and goods and services through the economy.
Statement II.Most household income is spent on investment or capital goods.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Waiting Line

A queue or line formed when entities (people, objects, data) wait for service or processing, often analyzed to improve efficiency in various systems.

Waiting Line System

A mathematical model used to analyze the flow of customers or items in systems where there is a need to wait or queue, focusing on time spent in queues and system capacity.

Arrival Or Inputs

In operations research and systems management, refers to the entities that enter into a system or process for processing or service.

Queue Discipline

The rule or policy used to determine the order in which members of a queue are served or processed.