Author Question: The circular flow diagram shows the flow of money and goods and services between households, firms, ... (Read 161 times)

Beheh · **on:** Jun 30, 2018

The circular flow diagram shows the flow of money and goods and services between households, firms, government, and foreign countries.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The circular flow diagram validates the fact that the different sectors in the economy are independent.
a. True
b. False
Indicate whether the statement is true or false