WebFlowchart Symbol. Name. Description. Process symbol. Also known as an “Action Symbol,” this shape represents a process, action, or function. It’s the most widely-used symbol in flowcharting. Start/End symbol. Also … WebD. businesses, flow (7) is goods and services, and flow (8) is revenue. 95. Refer to the above figure. If box A represents businesses and box B represents the resource market in this circular flow model, then the real flow of goods, services, and economic resources would be represented by flows: A. (1), (3), (6), and (8).
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WebIf box A represents households, B the product market, and C businesses, and if flow (3) represents revenues, then flow (1) would represent: A. Costs B. Money income C. Consumption expenditures D. Resources AACSB: Analytic Bloom's: Level 2 Understand Difficulty: 2 Medium Learning Objective: 02-05 Describe the mechanics of the circular … Web334 Likes, 2 Comments - Format Festival (@format_festival) on Instagram: "The gates are OPEN for Day 3 of FORMAT Festival. Be sure to admire the art from the winner of t..." Format Festival on Instagram: "The gates are OPEN for Day 3 of FORMAT Festival. optus network check
The Circular-Flow Model of the Economy - ThoughtCo
WebView full document. Use the following circular flow diagram to answer the question below. If box A represents businesses or firms, B the resource market, and C households, and if flow (3) represents money payments to households, then flow (1) would represent. A. payments to resources. B. flow of goods. WebJan 7, 2024 · 1. Document a process. A flowchart is a wonderful way to map out and document a collaborative project or process. 2. Visualize complex ideas or processes. … Web(9) Suppose industry A is realizing substantial economic profit. Which of the following best describes what will happen in this competitive market? (a) Firms will leave the industry and output will fall. (b) Firms will enter the industry and output will fall. (c) Firms will leave the industry and output will rise. (d) Firms will enter the industry and output will rise. optus nbn fixed ip