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1. Which statement is true about the circular flow diagram?

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Presentation on theme: "1. Which statement is true about the circular flow diagram?"— Presentation transcript:

1 1. Which statement is true about the circular flow diagram?
A      Households are demanders in the product market and suppliers in the factor market B       Business are demanders in the product market and suppliers in the factor market. C      Households are demanders in the factor market and suppliers in the product market. D      Businesses and households are not components of the circular flow diagram.

2 2. The SOLID arrows on this circular flow diagram represent the flow of
A      goods and services. B       money. C      taxes. D      imports and exports.

3 3. The DASHED arrows on this circular flow diagram represent the flow of
A      goods and services. B       money. C      taxes. D      imports and exports.


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