Question 59
MediumOriginal questionIn the circular flow, the flow of goods from firms to households and of factor services from households to firms are called
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Real (physical) flows are of goods, services and factor services.
Money flows run the other way: factor payments and spending on goods.
- Concept
- Real and money flows
- Typical timeTypical
- 70 s
- Your timeYours
- —
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