Which of the following are separate flows in the circular flow model?

A) the flow of goods and the flow of services
B) the flow of costs and the flow of revenue
C) the flow of income earned from the sale of resources and the flow of expenditures on goods and services
D) the flow of income received by households and the flow of tax revenues paid by households

Answer: C

Economics

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The European Currency Unit (ECU) acted as a means of payment

Indicate whether the statement is true or false

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The second largest source of revenue for the federal government is the

A. import tax. B. payroll tax. C. export tax. D. federal property tax.

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