Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
In the circular flow of income, who are the main participants?
In the circular flow of income, who are the main participants?
- Foreign investors and exporters
- Consumers and producers (correct)
- Banks and government
- Insurance companies and stock traders
What flows from businesses to households in the circular flow of income?
What flows from businesses to households in the circular flow of income?
- Imports and exports
- Goods and services (correct)
- Taxes and subsidies
- Investment and savings
How is the flow of income from households to businesses usually represented in the circular flow model?
How is the flow of income from households to businesses usually represented in the circular flow model?
- Government transfers
- Taxes
- Interest payments
- Wages and salaries (correct)
