Examlex

Solved

Which of the Following Is Consistent with the Circular Flow

question 79

Multiple Choice

Which of the following is consistent with the circular flow of income?
I. Goods and services flow in one direction.
II. Payments and incomes flow in one direction.
III. Sellers receive less than what buyers spend.


Definitions:

Extraverted

Describes a person who is outgoing, sociable, and derives energy from interacting with other people.

Alcohol Exposure

The extent to which an individual comes into contact with alcohol, affecting their physiological and psychological state.

Alcoholism

Alcoholism, also known as alcohol use disorder, is a condition characterized by an impaired ability to stop or control alcohol use despite adverse social, occupational, or health consequences.

Positive Linear

Refers to a direct relationship where as one variable increases, the other variable also increases at a constant rate.

Related Questions