Microeconomics Brief Edition 2nd Edition McConnell Test Bank

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95.

Refer to the above figure. If box A represents businesses and box B represents the resource market in this circular flow model, then the real flow of goods, services, and economic resources would be represented by flows:

A. (1), (3), (6), and (8). B. (7), (5), (4), and (2). C. (1), (2), (3), and (4). D. (5), (6), (7), and (8). AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-05 Describe the mechanics of the circular flow model. Topic: Circular flow model


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