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Which of the following is NOT true In a circular flow diagram:
a. factors of production flow from households to firms.
b. goods and services flow from firms to the government.
c. income paid to the factors of production flow from firms to households.
d. spending on goods and services flows from firms to households.
e. goods and services flow from firms to the rest of the world.

2007-09-11 05:27:18 · 1 answers · asked by Mr. Chantastic 2 in Education & Reference Homework Help

1 answers

Just use your head. Draw a flow diag. and label it. The answer is obvious.
Do "firms" buy g&s or "households"? d is the obvious incorrect flow.

2007-09-13 23:22:09 · answer #1 · answered by jemhasb 7 · 0 0

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