The Circular Flow of Income Model Shows

question 83

Multiple Choice

The circular flow of income model shows:

• A)the flow of output and income within one sector of the economy.
• B)how different sectors of the economy are linked together.
• C)that income is rarely equal to output.
• D)how business firms interact with one another.
• E)how businesses sell their resource services to households.

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Definitions:

IUPAC Name

The systematic name for a chemical substance as designated by the International Union of Pure and Applied Chemistry, used to ensure consistency and clarity.

Compound

A material composed of atoms from at least two distinct elements that are chemically combined.

Polycaprolactone

A biodegradable polymer with the chemical formula (C6H10O2)n used in making polyurethane, adhesives, and biomedical devices.

Biodegradable Polymer

A type of polymer that can be broken down by microorganisms into water, carbon dioxide (or methane), and biomass, within a reasonably short period of time.