QUESTION 15 A group of buyers and sellers of a particular good or service is called a(n) O a market O b competition. The arrow marked "B" represents the flow of: consumer goods and services. Which arrow represents the flow of goods and services? They may, for a variety of reasons, decide to save part of their incomes. in other words, a mutation likely occurred in later generations that predisposed e. coli cells to become cit+. b. The circular flow of income for a nation is said to be balanced when withdrawal equals injections. In this case, money flows from firms to households (green arrow in the diagram below) in the form of wages in exchange for labour, interests for capital and rent for the use of land. C (Bottom inside/middle arrows) Which arrow represents the flow of spending by households? JessLynn422. Answer to Which arrow represents the flow of spending by households? What is the definition of circular flow model? 101. Which arrow represents the flow of spending by households? a. Which arrow represents the flow of goods and services? C) government spending policies. a. Now the whole reason why I did this is to kind of show you the circular flow of goods and services. B c. C d. D ANS: A 67. In exchange for payments that flow from households to firms, there is a flow of consumer goods and services from firms to households. B. B c. C d. D. d. When the domestic business firms export goods and services to the foreign markets, injections are made into the circular flow model. Refer to Figure 2-1. B. B c. C d. D ANSWER: a 20. O А D Question 3 0.5 pts Figure 2-1 A Markets for Goods and Services B Firms Households [[; Markets for Factors of Production Refer to Figure 2-1. 1. Second, flow of incomes (rent, wages, interest, profit) from firms to households. b. Leakages are significant to the student of economics because: a. they represent spending by businesses rather than spending by households. B c. C d. D ANSWER: a 20. Which arrow represents the flow of land, labor, and capital? Which arrow represents the flow of spending by households? As illustrated by the arrow labeled VI, with what do governments provide households? But each money flow is in opposite direction to the real flow. D) monetary policies. In the upper loop of this figure, the resources such as land, capital and entrepreneurial ability flow from households to business firms as indicated by the arrow mark. "What you give up to get that item" is the definition of: Principle 3 is "Rational People Think at the:". Carla regularly buys fruits and vegetables at a grocery store. Circular Income Flow in a Two Sector Economy Real flows of resources, goods and services have been shown in Fig. Expert Answer . Refer to Figure 2-1. c. C 2. d. D. b. B) circular flow diagram. B c. C d. D ANS: B 66. a. Galileo's claim in 1609 was used in lecture as an example of the effect of: Almost all economists agree that tariffs and import quotas, Economist Joseph Schumpeter coined the phrase "creative destuction" to desribe the process by which, Refer to Figure 2-1. Which arrow represents the flow of goods and services? Scheduled maintenance: Saturday, December 12 from 3–4 PM PST. The size of the circular flow: a. measures the level of household purchases from business b. measures the level of income and output c. increases if there are more planned leakages d. measures the Refer to Figure 2-1. O c. coalition. Quiz 2. A b. Refer to Figure 2-1. Refer to Figure 2-2. A b. Refer to Figure 2-3. But this income comes from firms, and they get their income from the spending of households. Which arrow represents the flow of goods and services? Refer to Figure 2-1. QUESTION 15 A group of buyers and sellers of a particular good or service is called a(n) O a market O b … The foreign sector has an important role in the economy. Which Arrow Represents The Flow Of Spending By Households? Which arrow represents the flow of land, labor, and capital? After paying taxes to the government and receiving government transfers, households allocate the remaining income— disposable income—to private savings and consumer spending. ... Any one of the other boxes (B, C, or D) could represent households. A O B C D Circular Flow of Money with the Foreign Sector: So far the circular flow of income and expenditure has been shown in the case of a closed economy. Factors of production flow form households (red arrow) to firms, so they can produce more goods and services. Carla regularly buys fruits and vegetables at a grocery store. Refer to figure 1, which arrow represents the flow of spending by households. Refer to figure 1, refer to figure 2-1. 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