The figure shows the circular flows in the market economy. Indicate the real and money flows in which the following items belong. When Apple Inc. pays the designers of the iPad, the flows are a to households and a from households to firms. OA. real flow; real flow OB. money flow, money flow OC. money flow, real flow O D. real flow; money flow When you buy a new e-book from Amazon, the flows are a households to firms and a______ from firms to households. O A. money flow, real flow OB. real flow; money flow OC. money flow, money flow O D. real flow; real flow from firms from O Labour, land, capital, entrepreneurship FACTOR MARKETS HOUSEHOLDS Wages, rent, interest, profits Expenditure on goods and services Goods services
The figure shows the circular flows in the market economy. Indicate the real and money flows in which the following items belong. When Apple Inc. pays the designers of the iPad, the flows are a to households and a from households to firms. OA. real flow; real flow OB. money flow, money flow OC. money flow, real flow O D. real flow; money flow When you buy a new e-book from Amazon, the flows are a households to firms and a______ from firms to households. O A. money flow, real flow OB. real flow; money flow OC. money flow, money flow O D. real flow; real flow from firms from O Labour, land, capital, entrepreneurship FACTOR MARKETS HOUSEHOLDS Wages, rent, interest, profits Expenditure on goods and services Goods services
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The figure shows the circular flows in the market economy.
Indicate the real and money flows in which the following items belong.
When Apple Inc. pays the designers of the iPad, the flows are a
to households and a
from households to firms.
O A. real flow; real flow
B. money flow, money flow
OC. money flow, real flow
O D. real flow; money flow
When you buy a new e-book from Amazon, the flows are a
households to firms and a
from firms to households.
O A. money flow, real flow
O B. real flow; money flow
OC. money flow, money flow
OD. real flow; real flow
from firms
from
(
Labour, land, capital,
entrepreneurship
FACTOR
MARKETS
HOUSEHOLDS
Wages, rent,
interest,
profits
FIRMS
Goods and
services
Expenditure
on goods and
services
GOODS
MARKETS
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