The circular flow of income and expenditure emphasizes the interdependence between:  A. Households and the government  B. Businesses and the financial sector  C. Households and businesses  D. Imports and exports

The circular flow of money and goods refers to all of the following except:Question 49Select one:a.The money flow of consumer expenditures to business firms.b.The physical flow of resource inputs from households to business firms.c.The money flow of resource incomes from business firms to households.d.The physical flow of resource inputs from business firms to households.e.The physical flow of goods and services from business firms to households.

Households are an essential part of the circular flow of goods because:A.households produce services that cannot by supplied by businesses.B.businesses could not make a profit without revenue from households.C.households are the main source of natural resources in an economy.D.businesses rely on households to create new product markets.

In the circular flow model:Multiple Choiceall of these hold true.households receive income through the factor market.households supply factors of production to firms.households spend income in the product market.

circular flow of income in an open economy?

________________ is NOT a leakage from the circular flow of income and expenditure.a.Importsb.Government purchasesc.Taxes net of government transfersd.SavingClear my choice