​Exhibit 3-2 -Refer to Exhibit 3-2. in the Circular Flow Diagram, Payments

question 24

Multiple Choice

​Exhibit 3-2
-Refer to Exhibit 3-2. In the circular flow diagram, payments for goods and services:

• A)​flow in a clockwise direction.
• B)​flow in a counterclockwise direction.
• C)​are received by firms in the factor market.
• D)​none of the above

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Definitions:

Trends

Patterns or tendencies in data indicating a general direction of change in society, technology, market preferences, or other fields over time.

Organization

An entity, such as a company, institution, or association, comprised of people and resources working together towards common goals.

SWOT Analysis

A framework used in strategic planning for assessing a business's strengths, weaknesses, opportunities, and threats with regard to competition or project execution.

Quadrant A

A section of a Cartesian plane divided by the X and Y axes, used in mathematics and business to represent different categories or segments.