Which Of The Following Is False About The Circular Flow Diagram

Money flows from households to firms as households offer factors of production for sale. Which of the following is false about the circular flow diagram.

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The government cannot be excluded as a decision maker in a circular flow diagram.

Which of the following is false about the circular flow diagram. All of the above are correct. 17 which of the following statements about a simple circular flow model is false. Households are the primary demanders of goods and services.

The diagram leaves out details that are not essential for understanding the economic transactions that occur between households and firms. One must imagine that the economy operates without money in order to make sense of the diagram. Households are the primary demanders of goods and services.

The outer set of arrows shown in green shows the flow of dollars and the inner set of arrows shown in red shows the corresponding flow of inputs and outputs. The following diagram presents a circular flow model of a simple economy. C producers are buyers in the factor market.

Households are the primary demanders of goods and services. Which of the following statements about the circular flow diagram is correct. Which of the following is false about the circular flow diagram.

Firms are the primary suppliers of goods and services. The diagram leaves out details that are not essential for understanding the economic transactions that occur between households and firms. A producers are buyers in the factor market and sellers in the product market.

Money flows from households to firms as households offer factors of production for sale. B households are neither buyers nor sellers in the input market. Money flows from households to firms as households offer factors of production for sale.

Which of the following is false about the circular flow diagram. Firms are the primary suppliers of goods and services. Which statement is false about the circular flow diagram posted on april 6 2019 by admin it is often hard to be able write and put the statements together in order make this process easier flow charts are used diagram 4 examples of control flow diagrams and graphs listing 3 1 answer a 18 19 99 refer to the circular flow model.

D households are sellers in the product market. One must imagine that the economy operates without money in order to make sense of the diagram. Money flows in the direction opposite to goods.

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