Figure 2-2
-Refer to Figure 2-2.If the flow of goods and services is part of what is represented by the inner loop of this circular-flow diagram,then
A)the flow of factors of production is also part of what is represented by the inner loop.
B)the flow of income paid to households is also part of what is represented by the inner loop.
C)the flow of revenue to firms is also part of what is represented by the inner loop.
D)households must be sellers of output.

Question

Figure 2-2 
-Refer to Figure 2-2.If the flow of goods and services is part of what is represented by the inner loop of this circular-flow diagram,then
A)the flow of factors of production is also part of what is represented by the inner loop. 
B)the flow of income paid to households is also part of what is represented by the inner loop. 
C)the flow of revenue to firms is also part of what is represented by the inner loop. 
D)households must be sellers of output.

Quizplus · Accepted Answer

The Answer of Figure 2-2 
-Refer to Figure 2-2.If the flow of goods and services is part of what is represented by the inner loop of this circular-flow diagram,then
A)the flow of factors of production is also part of what is represented by the inner loop. 
B)the flow of income paid to households is also part of what is represented by the inner loop. 
C)the flow of revenue to firms is also part of what is represented by the inner loop. 
D)households must be sellers of output.

Figure 2-2 -Refer to Figure 2-2.If the Flow of Goods and Services