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Published byEmory Mathews Modified over 6 years ago
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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.
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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.
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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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