#1
In the circular flow model, households are primarily responsible for:
#2
Which of the following represents the flow of goods and services in the circular flow model?
#3
In the circular flow model, which sector consists of firms that produce goods and services?
#4
When businesses purchase resources from households in the circular flow model, it represents:
#5
What happens to national income if leakages exceed injections in the circular flow model?
#6
Which of the following is NOT considered a leakage in the circular flow model?
#7
Which of the following represents the relationship between leakages and injections in the circular flow model?
#8
When households spend money on imported goods in the circular flow model, it is considered as:
#9
Which of the following is an example of an injection in the circular flow model?
#10
In the circular flow model, the total value of injections is equal to the total value of:
#11
Which of the following is an example of a withdrawal in the circular flow model?
#12
If there is a decrease in consumer confidence, how does it affect the circular flow model?
#13
If there is an increase in government spending in the circular flow model, what effect does it have?
#14