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Author Question: shows the circular flow of income.FIGURE 1-9Refer to Figure 1-9. In the circular flow of ... (Read 77 times)

billyboy7272

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on: Oct 12, 2022

Question 1

In economics, what word is used to describe the act of using goods or services to satisfy wants?
◦ production
◦ shopping
◦ consumption
◦ investment
◦ purchasing power

Question 2

Figure 1-9 shows the circular flow of income.



FIGURE 1-9

Refer to Figure 1-9. In the circular flow of income "Payments for A" represents ________; "Payments for B" represents ________.


◦ "Payments for factor services"; "Employment Insurance"
◦ "Payments for goods and services"; "Taxation and Insurance claims"
◦ "Government Transfer payments"; "Payments for goods and services"
◦ "Payments for goods and services"; "Payments for factor services"
◦ "Payments for factor services"; "Payments for goods and services"
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by billyboy7272 on Oct 12, 2022

fowlerhop@rocketmail.com

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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billyboy7272

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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