In the circular-flow diagram, which of the following actors is ignored?
A: Foreign countries
B: Banks
C: Governments
D: All of the above
A: Foreign countries
B: Banks
C: Governments
D: All of the above
举一反三
- Which of the following is true regarding the circular flow diagram? A: I only B: I and II C: I and III D: III only
- In the simple circular-flow diagram, A: households own the factors of production. B: households buy all the goods and services that firms produce. C: land, labor, and capital flow from households to firms. D: All of the above are correct.
- The circular-flow diagram is an example of A: a laboratory experiment. B: an economic model. C: a mathematical model. D: All of the above are correct.
- 2. In a simple circular-flow diagram, ( ) A: households spend all of their income. B: all goods and services are bought by households. C: expenditures flow through the markets for goods and services, while income flows through the markets for the factors of production. D: All of the above are correct.
- A circular-flow diagram is a<br/>model that(<br/>) A: illustrates cost-benefit<br/>analysis. B: explains how the economy<br/>is organized. C: shows the flow of traffic<br/>in an economic region. D: explains how banks<br/>circulate money in the economy.