A Money Flow in the Circular Flow Diagram Is

question 89

Multiple Choice

A money flow in the circular flow diagram is
i.the government's collection of taxes.
ii.Chevrolet's production of SUVs.
iii.Nike's payment of wages to its workers.

• A) i and iii
• B) i, ii and iii
• C) i only
• D) ii only
• E) ii and iii

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Definitions:

Strict Liability

Liability in which responsibility for damages is imposed regardless of the existence of negligence. Also called liability without fault.

Causa Mortis

Causa mortis, or in contemplation of death, refers to gifts or actions taken by an individual who believes their death is imminent.

Immediate Death

The rapid loss of life following an event or condition, without a prolonged period of illness or decline.

Gift Causa Mortis

A gift that is made in contemplation of one’s immediate death.