The Circular-Flow Diagram

question 85

Multiple Choice

The circular-flow diagram

• A)is an economic model.
• B)incorporates two types of decision makers: households and firms.
• C)represents the flows of inputs,outputs,and dollars.
• D)All of the above are correct.

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Definitions:

XML Tags

Enclosures in XML (eXtensible Markup Language) used to label pieces of data, allowing for the structuring and transmission of data across different information systems.

XML

Extensible Markup Language, a flexible text-based format used to structure and store data, making it easily readable by humans and machines.

Application Part

A component or section of software that performs a specific function or adds a specific feature within a larger application.

Control Layout

The arrangement and organization of graphical control elements in a user interface.