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Author Question: The observation that goods and services flow in one direction and money payments flow in another ... (Read 124 times)

codyclark

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on: Jun 30, 2018
The observation that goods and services flow in one direction and money payments flow in another direction is the principle behind
 
  A) a barter economy. B) the circular flow of income.
  C) a pure command economy. D) the double coincidence of wants.

Question 2

The simple circular flow of income shows that the total income in an economy equals
 
  A) all taxes paid by households.
  B) total expenditures.
  C) the total amount of money supplied by the government.
  D) total profits earned by firms.


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bassamabas

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


codyclark

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dreamfighter72

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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