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Basic Concepts & the Circular Flow · Question 59 of 72

Question 59

MediumOriginal question

In the circular flow, the flow of goods from firms to households and of factor services from households to firms are called

Options for question 59

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Real (physical) flows are of goods, services and factor services.

  2. Money flows run the other way: factor payments and spending on goods.

Concept
Real and money flows
Typical time
70 s
Your time
—
The rule this testsThe circular flow of income
Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.