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:

England

A country that is part of the United Kingdom, known for its rich history, cultural contributions, and legal system.

Novation

The act of replacing one party in a contract with a new party, or replacing an old contract with a new contract, with the agreement of all parties involved.

Substituted Contract

An agreement made to replace an existing contract, involving the mutual consent of all parties to change the terms or parties involved.

Incidental Damages

Expenses or costs that arise directly from a breach of contract, beyond the direct damages or losses incurred.