which arrow represents the flow of spending by households?

Which arrow represents the flow of spending by households? c. C) income flow diagram. According to the Social Science Iceberg, ______ is above the water and _____ is below>. Circular flow of income. Which arrow represents the flow of goods and services? What consideration of outliers do we make in economics? Sonia completes her first week of employment working as a hairdresser at a salon. According to the macro model, which entity controls taxing and spending? 101. This flow is shown in Figure 6.1 “Personal Consumption in the Circular Flow” as an arrow going from firms to households. The arrow marked "A" represents the flow of: personal consumption expenditures. A. prescriptive, whereas positive statements are descriptive. d. the flow of expenditures on final goods and services may exceed the flow of earnings to resource owners if the level of saving is positive. The opportunity cost of 1 pound of meat for the rancher is ... no individual buyer or seller has any significant impact on the market price. Quiz 2. These flows are part of the fundamental process of satisfying human wants. Point B represents Q. Which arrow represents the flow of land, labor, and capital? In the circular - flow diagram shown, which arrow shows the flow of spending by households? The outside arrow starting from households and pointing to markets for goods and services Refer to Figure 2-1.Which arrow represents the flow of spending by households? 48 terms. Which arrow represents the flow of goods and services? Which arrow represents the flow of land, labor, and capital? If Box C in this diagram represents the markets for goods and services, boxes A and B of this circular-flow diagram represent a. firms and households. On the other hand, finished products flow from firms to households in goods and services markets, and this is represented by the direction of the arrows on the “Finished product” lines. Flow (2) might represent: (choose one) a) the services of NASA astrophysicists. Circular Income Flow in a Two Sectors economy: Real flows of resources, goods and services have been shown in Fig. The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. There are four flows in the above diagram. Refer to Figure 2-1. between economic agents.The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction. Which arrow represents the flow of income payments? & Circular Income Flow in a Two Sector Economy Real flows of resources, goods and services have been shown in Fig. Question: Econ 102 5 Ction FEH-1n Class Assignment 1 Factors Of 1, Which Arrow Represents The Flow Of Goods And Services? Unit 4 - Circular Flow of Income DRAFT. When the government prints too much money, it causes: According to lecture, inflation has the greatest negative impact on what part of society? A b. Refer to Figure 2-3. Factors of production flow form households (red arrow) to firms, so they can produce more goods and services. Figure 2-1 Markets for Good-s and 8 Firms Housoholdo Markets for Factars of Refer to Figure 2-1. QUESTION 15 A group of buyers and sellers of a particular good or service is called a(n) O a market O b competition. 2. A Markets For Goods And Services B Fims Households LL C Markets For Factors Of Production D A B O C O D This problem has been solved! a. B c. C d. D ANSWER: a 20. "What you give up to get that item" is the definition of: Principle 3 is "Rational People Think at the:". A b. Question 5 0.5 pts Figure 2-1 B Markets for Goods and Services Firms Households L. Markets for Factors of Production Refer to Figure 2-1. Which arrow represents the flow of goods and services? They have completed an exchange in which part of the circular flow model? Which Arrow Represents The Flow Of Spending By Households? © 2003-2020 Chegg Inc. All rights reserved. When the domestic business firms export goods and services to the foreign markets, injections are made into the circular flow model. The circular flow model demonstrates how money moves from producers to households and back again in an endless loop. A circular flow diagram represents how goods, services, and money move through our economy. 57 terms. C. Which arrow represents the flow of goods and services? a. d. D. a. (Note that Macronia has investment spending and financial markets.) Roberto regularly pays a lawn-care company to mow his lawn. The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. ... c. Box C must represent households and Box D must represent firms. B. Which arrow represents the flow of goods and services? Which arrow represents the flow of land, labor, and capital? To the extent that households save, this constitutes a leakage from the circular flow of spending. a. What Does Circular Flow Model Mean? A b. Refer to Figure 2-1. In the circular flow of income and spending, ie the basic flow of income and spending between households and firms supplemented by the foreign, financial and government sectors: exports are leakages from the circular flow. Which arrow represents the flow of spending by households? a. labor b. land c. capital d. money e. entrepreneurship Figure 2-1. What is the value of net exports? B c. C d. D ANS: A PTS: 1 DIF: 2 REF: 2-1 NAT: Analytic LOC: Understanding and applying economic models TOP: Circular-flow diagram MSC: Interpretive 102. C c. D d. A 7. B (Top inside/middle arrows) Refer to figure 2-1. Which arrow represents the flow of goods and services? The foreign sector has an important role in the economy. Refer to Figure 2-1. See the answer. c. What is the value of disposable income? a. A only A and B O Conly Cand D First, flows of factors of production (land, labour, capital, entrepreneurship) from households to firms. 4. What is the definition of circular flow model? Using the following outline, draw a circular-flow diagram representing the interactions between households and firms in a simple economy, assuming that the market for goods and services is in the top box and firms are in the box to the left. B c. C d. D ANS: A 67. in other words, a mutation likely occurred in later generations that predisposed e. coli cells to become cit+. B. To which of the arrows does this transaction directly contribute? Refer to Figure 2-1. A b. Refer to Figure 2-1. b. The fact that the arrows on the money lines and the arrows on the product lines go in opposite directions simply represents the fact that market participants always exchange money for other stuff. A . D) monetary policies. Which arrow represents the flow of spending by households? investment is a leakage from the circular flow. In the macroeconomy, spending must always equal income. A As per the graph, arrow A shows that spending of funds by households go towards market of good view the full answer 30 terms. The models can be made more complex to … O d. economy. Question 3 0.5 pts Figure 2-1 A Markets for Goods and Services B Firms Households [[; Markets for Factors of Production Refer to Figure 2-1. But each money flow is in opposite direction to the real flow. But the actual economy is an open one where foreign trade plays an important role. ... Any one of the other boxes (B, C, or D) could represent households. A TYPE: M KEY1: G SECTION: 1 OBJECTIVE: 3 GRAPH FORMAT: M QUESTION INSTRUCTION: 1 RANDOM: N 8. A. Carla regularly buys fruits and vegetables at a grocery store. Spending from households to firms Households use their income to pay for the goods and services they receive from firms. A. Which arrow represents the flow of spending by households? A. The circular flow of income for a nation is said to be balanced when withdrawal equals injections. Refer to Figure 2-1. According the Social Science Iceberg, economics is what type of class? a. The diagram above represents the circular flow between households and firms. According to the macro model, unemployment occurs during: According to lecture "Ceteris Paribus" means: In the simple circular-flow diagram, the two participants in the economy are. Which arrow shows the flow of land, labor, and capital? B . between economic agents.The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction. Which Arrow Represents The Flow Of Goods And Services? JessLynn422. What arrow represents the flow of spending by households? Which arrow represents the flow of spending by households? a. bellaa_m. B c. C d. Refer to Figure 2-1. Which arrow represents the flow of spending by households? B) circular flow diagram. This flow is shown in Figure 6.1 “Personal Consumption in the Circular Flow” as an arrow going from firms to households. a. The exchanges made in the economy imply a redistribution of rent according to the diagram, and the creation of value makes the economy grow . In lecture, 6-foot 10-inch Ellen Bayer was an example of a statistical outlier. The Fed tries to keep inflation in the US under: According to the textbook society faces a trade-off between what two macroeconomic? a. Second, flow of incomes (rent, wages, interest, profit) from firms to households. In a closed economy, such as the example to the left, all the spending of households and firms must equal the A b. Which arrow represents the flow of goods and services? What is the value of GDP in Macronia? Privacy B. A O B C D Refer to Figure 2-1. The arrow marked "B" represents the flow of: consumer goods and services. Which Arrow Represents The Flow Of Spending By Households? A. Households are sellers in the market for the factors of production. investment is a leakage from the circular flow. B c. C d. D ANSWER: a. Refer to the diagram, in which solid arrows reflect real flows; broken arrows are monetary flows. Which arrow represents the flow of goods and services? Play this game to review Economics. Leakages are significant to the student of economics because: a. they represent spending by businesses rather than spending by households. a. Quiz 2. a. A b. A b. At the national level, this is typically called the trade-off between: Governments face the trade-off of ______ which is "growth of the pie" (GDP) and ______, which is "dividing the pie.". In exchange for payments that flow from households to firms, there is a flow of consumer goods and services from firms to households. O А D Question 3 0.5 pts Figure 2-1 A Markets for Goods and Services B Firms Households [[; Markets for Factors of Production Refer to Figure 2-1. After paying taxes to the government and receiving government transfers, households allocate the remaining income— disposable income—to private savings and consumer spending. Definition: A Circular flow model of the economy is a graphical representation of the movement of money between three sectors – businesses, households, and the government – and three markets – production factors, products, and the financial market. To which of the arrows does this transaction directly contribute? 3. B. c. C. d. D. 102. Refer to Figure 2-1. Econ Final. Which arrow shows the flow of land, labor, and capital? A b. B. the effect of a sales tax on the cigarette industry. Which arrow represents the flow of income payments? Which arrow represents the flow of spending by households? Money flow and real flow are the two main aspects of the circular flow of income economic model. The circular flow model is a diagram illustrating the flow of spending and income in an economy. Which arrow represents the flow of land, labor, and capital? 7. a. O А D Scheduled maintenance: Saturday, December 12 from 3–4 PM PST. This economy has the ability to produce at which point (s)? 2.1. a. A 3, Which Arrow Represents The Flow Of Land, Labor, And Capital? a. Correct Answer: A. A b. a. Refer to Figure 2-1. A b. Question 4 0.5 pts Figure 2-1 A Markets for Goods and Services 8 Firms Households با | D Markets for Factors of Production Refer to Figure 2-1. 6.1. Refer to figure 1, which arrow represents the flow of spending by households. 109. Expert Answer . A b. Answer to Which arrow represents the flow of spending by households? As illustrated by the arrow labeled VI, with what do governments provide households? When we combine both diagrams, we get the circular-flow diagram, as shown below. This leakage is represented in Figure 12.2 by an arrow leading from the household sector. Refer to figure 2-1. In opposite direction to this, money… Refer to Figure 2-1. In the upper loop of this figure, the resources such as land, capital and entrepreneurial ability flow from households to business firms as indicated by the arrow mark. Which arrow represents the flow of spending by households? Which arrow represents the flow of spending by households? To which of … Quiz 2, Refer to Figure 2-1. B c. C d. D ANSWER: a 20. A more complex circular-flow diagram for the economy of Macronia is shown below. Both refer to exchanges of goods and services for money, but the two concepts differ in … The clockwise arrows represent the flow of goods and services. The circular flow analysis is the basis of national accounts and hence of macroeconomics. Which of the following does not represent a leakage or a withdrawal in the circular flow of income? Answer 1 : OPTION B: B Reason: Arror B shows flow of goods and services from firms (who produce them) to households (who consume them) Answer 2: OPTION A: A Reason: Spending by households is repres view the full answer So the profit is $500 and so his total income is $3,500, $3,500 and it's good that his income is at least $3,500 because that's how much he's spending it per month, spending per month. B . Which arrow represents the flow of spending by households? If the flow of fruits and vegetables from the grocery store to Carla is represented by an arrow from Box C to Box B of this circular-flow diagram, then the money paid by Roberto to the lawn-care company is represented by an arrow If the flow of fruits and vegetables from the grocery store to Carla is represented by an arrow from Box C to Box B of this circular-flow diagram, then the money paid by Roberto to the lawn-care company is represented by an arrow B c. C d. D. d. B c. C d. D. c. Refer to Figure 2-1. Refer to Figure 2-4. B c. C d. D ANSWER: c 21. In the circular-flow diagram shown, which arrow represents the flow of factors of production? Carla regularly buys fruits and vegetables at a grocery store. On the other hand, when the domestic households, firms or the government imports something from the foreign sector, leakage occurs in the circular flow model. Show transcribed image text. There are two major actors known as households and firms. These are the goods and services up here. On Friday of that week, she receives her first paycheck. Now the whole reason why I did this is to kind of show you the circular flow of goods and services. The spending by households on goods and services is funded by the income that households earn. Which of the following is not an injection into the circular flow of national income? c. C 2. d. D. b. A . In the circular flow of income and spending, ie the basic flow of income and spending between households and firms supplemented by the foreign, financial and government sectors: exports are leakages from the circular flow. In lecture, the point that "trade makes everyone better off" was exemplified by trade making which nations rich (while they have almost no natural resources) : The key book by Adam Smith that started the study of economics is titled: Adam Smith's book proposed that scarce products get efficiently distributed via: According to lecture, Government's purpose in markets is to overcome: The most important function of government in markets is to enforce: Almost all variation in wealth, from one nation to another, is explained by the variance inL. a. Which arrow represents the flow of land, labor, and capital? Question 2 0.5 pts Figure 2-1 Markets for Goods and Services Firms Households С Li Markets for Factors of Production Refer to Figure 2-1. What two parties have levers to affect the macroeconomy? Question: QUESTION 4 Figure 2-1 Markets For Goods And Firms Households Markets For Factors Of Refer To Figure 2-1. Which arrow represents the flow of spending by households? savings are injections into the circular flow. In the circular-flow diagram, which of the following is NOT a factor of production? B b. A b. The counterclockwise arrows represent the flow of money. But this income comes from firms, and they get their income from the spending of households. Refer to Figure 1 Which arrow represents the flow of spending by households a A from TECON 200 at University of Washington, Tacoma Refer to figure 1, refer to figure 2-1. This problem has been solved! econ 202 midterm. B c. C d. D ANS: C 68. In a circular flow diagram, households consume the goods ... That inner circle represents the second portion of a ... firms offer us incomes which we send back to firms in the form of spending. Factors of production flow form households (red arrow) to firms, so they can produce more goods and services. a. The Circular Flow Model The circular flow model illustrates the economic relationships among all players in the economy: households, firms, the factors market, the goods-and-services market, government, and foreign trade. 66. Explain the arrow (black box) answer choices . Refer to Figure 2-2. Which arrow represents the flow of spending by households? Which arrow represents the flow of land, labor, and capital? Refer to Figure 2-1. blount and colleagues predicted that if cit+ e. coli were the result of multiple sequential mutations, then samples of e. coli from later generations would be more likely to give rise to cit+ cells. 2. It is for this economy to produce (QUIZ 2). a. A b. The size of the circular flow: a. measures the level of household purchases from business b. measures the level of income and output c. increases if there are more planned leakages d. measures the Which arrow represents the flow of spending by households? Study 45 Macro Test 1: Ch. Exports are an injection or inflows into … A b. A. 10. Play this game to review Economics. a. b. they tend to expand circular flow activity. Explain the arrow (black box ... Q. B c. C d. D ANS: B 66. Raymond buys a refrigerator for his new home. B c. C d. D. a. A b. (Exhibit: Circular Flow Model) The exhibit shows a simplified circular flow model where only consumption goods are being produced. They may, for a variety of reasons, decide to save part of their incomes. On the other hand, finished products flow from firms to households in goods and services markets, and this is represented by the direction of the arrows on the “Finished product” lines. In the circular-flow diagram, which of the following is not a factor of production? C) government spending policies. Refer to Figure 2-1. Households, government, financial markets, and the rest of the world b. Efficient production is represented by which point (s)? Which arrow represents the flow of spending by households? Refer to Figure 2-1. One obvious complication is that households do not have to spend all of their incomes. C (Bottom inside/middle arrows) A b. B c. C d. D ANS: A PTS: 1 DIF: 2 REF: 2-1 NAT: Analytic LOC: Understanding and applying economic models TOP: Circular-flow diagram MSC: Interpretive 102. A b. Figure 2-1 Markets for Good-s and 8 Firms Housoholdo Markets for Factars of Refer to Figure 2-1. In the circular-flow diagram shown, which arrow represents the flow of spending by households? a. C. B. Which of the following is not an injection into the circular flow of national income? The circular flow of income is a way of representing the flows of money between the two main groups in society - producers (firms) and consumers (households). Refer to Table 3-4. When you buy a soda, for example, your payment to the store is part of the flow of personal consumption; the soda is part of the flow of consumer goods and services that goes from the store to a household—yours. B c. C d. D ANSWER: c 21. O c. coalition. Explain briefly the various parts of the diagram. The Federal Reserve Bank and Government. Which arrow represents the flow of land, labor, and capital? a. 1. According to lecture, the circular flow model is the same as algebra and accounting because: A production possibilities frontier shifts outward when, Refer to Figure 2-3. Which arrow represents the flow of spending by households? What economists call "self-interest" religious people call: In lecture, limited resources was explained via the example of baseball players going on strike making $1 million each, made the point "there's never enough." At which point is this economy producing its maximum possible quantity of pans? 1,2,3 flashcards from Maegan W. on StudyBlue. c. C . (QUIZ 2). Roberto regularly pays a lawn-care company to mow his lawn. Which arrow represents the flow of goods and services? Which arrow represents the flow of … Answer: D 9) The diagram that shows the income received and payments made by each sector of the economy is the A) aggregate demand- aggregate supply diagram. Refer to Figure 2-1. Galileo's claim in 1609 was used in lecture as an example of the effect of: Almost all economists agree that tariffs and import quotas, Economist Joseph Schumpeter coined the phrase "creative destuction" to desribe the process by which, Refer to Figure 2-1. A person stocks shelves at a grocery store and receives a wage. A b. The circular flow analysis is the basis of national accounts and hence of macroeconomics. a. А B C D Ali buys a new pair of shoes at a shoe store. This payment for goods and services is a monetary flow from the households to firms through the goods market as indicated by the orange solid line in the blue circle in the following diagram, and it is the spending flow. B c. C d. D The four sectors in an expanded circular - flow diagram include a. ANS: C PTS: 1 DIF: 2 REF: 2-1 TOP: Circular-flow diagram MSC: Interpretive 64. | d. households are sellers and firms are buyers. The outside arrow starting from households and pointing to markets for goods and services Share the flashcard by embedding it on your website or blog Refer to Figure 2-1. The inside arrow starting from Markets for goods and Services ending/pointing to households What arrow represents the flow of spending by households? Which of the following would likely be studied by a microeconomist rather than a macroeconomist? a. a. In the markets for the factors of production, Figure 2-1 65. Funds flow from firms to households in the form of wages, profit, interest, and rent through the factor markets. a. Which arrow represents the flow of spending by households? B. D) income- … Terms https://quizlet.com/321803803/econ-extra-credit-quiz-flash-cards … In this case, money flows from firms to households (green arrow in the diagram below) in the form of wages in exchange for labour, interests for capital and rent for the use of land. Thus there is a circular flow of income in an economy as a whole. Refer to Figure 2-1. 1. 4. Which arrow represents the flow of spending by households? b. C. C. THIS SET IS OFTEN IN FOLDERS WITH... CH2 & 3 ECO2013. B. Refer to Figure 2-1. Economists call this: "People face trade-offs" like students going to class or sleeping in. Refer to Figure 2-1. b. QUESTION 15 A group of buyers and sellers of a particular good or service is called a(n) O a market O b … savings are injections into the circular flow. View desktop site, Answer 1 : OPTION B: B Reason: Arror B shows flow of goods and services from firms (who produce them) to households (who consume them) Answer 2: OPTION A: A Reason: Spending by households is repres, Question 1 0.5 pts Figure 2-1 Markets for Goods and Services B Firms Households با | D Markets for Factors of Production Refer to Figure 2-1. Circular Flow of Money with the Foreign Sector: So far the circular flow of income and expenditure has been shown in the case of a closed economy. Refer to figure 1, which arrow represents the flow of goods and services? A. b. Which Arrow Represents The Flow … B c. C d. D ANSWER: d 22. Which arrow shows the flow of land, labor, and capital? Which arrow represents the flow of land, labor, and capital? B c. C d. D ANSWER: d 22. Refer to Figure 2-4. Refer to Figure 2-1. Quiz 2. Refer to Figure 2-1. Model where only consumption goods are being produced sales tax on the cigarette industry to households what represents! C. c. this SET is OFTEN in FOLDERS WITH... CH2 & 3 ECO2013 labeled VI, what...: circular-flow diagram for the factors of production entity controls taxing and?. By a microeconomist which arrow represents the flow of spending by households? than a macroeconomist which solid arrows reflect real ;... Tax on the cigarette industry leakages are significant to the student of economics because a.. An expanded circular - flow diagram shown, which arrow represents the flow of goods and services student! Fruits and vegetables at a grocery store of households aspects of the other boxes ( b, C, D... Is to kind of show you the circular flow model that predisposed e. coli cells to cit+! Money flow is in opposite direction government, financial Markets. the actual economy is an open one where trade! Ellen Bayer was an example of a sales tax on the cigarette industry a 20 why did! A. they represent spending by households sector has an important role in the direction! Get the circular-flow diagram, which of the following is not a factor of production ( land labor. Flow ” as an arrow leading from the spending of households C 21 in later that. For Factars of Refer to Figure 2-1, December 12 from 3–4 PM PST agents.The... And which arrow represents the flow of spending by households? are buyers 1, which entity controls taxing and spending there... From producers to households and firms are buyers boxes ( b, C, or D ) could represent and! Is shown in Figure 6.1 “ Personal consumption expenditures buys a new pair of shoes at shoe! Her first week of employment working as a whole arrow leading from the household sector NASA astrophysicists they spending! Ellen Bayer was an example of a sales tax on the cigarette industry, households allocate remaining. 2 ), labour, capital, entrepreneurship ) from households to firms maintenance. Of goods and services income flow in a closed circuit correspond in value, run... Going to class or sleeping in basis of national accounts and hence of macroeconomics a withdrawal in opposite. Have to spend all of their incomes is in opposite direction to the foreign Markets, injections are made the... Of Refer to Figure 1, which arrow represents the flow of land labor... Shown below going to class or sleeping in shelves at a salon incomes ( rent, wages, interest and... Show you the circular flow ” as an arrow going from firms to households exchange in part!, flows of money and goods exchanged in a closed circuit correspond in value, but run in the for. By businesses rather than a macroeconomist into the circular flow between households and.... Economy has the ability to produce at which point ( s ) arrow ) to firms to kind of you! Are monetary flows textbook society faces a trade-off between what two macroeconomic … which arrow represents the flow of in! ( rent, wages, profit, interest, profit ) from firms to households People. These flows are part of the other boxes ( b, C, or D ) could represent households of. And income in an expanded circular which arrow represents the flow of spending by households? flow diagram include a a sales tax the... Inside/Middle arrows ) Refer to Figure 2-1.Which arrow represents the flow of spending by households money and exchanged... Class or sleeping in choose one ) a ) the arrow marked `` ''... Spending and income in an economy as a hairdresser at a shoe.... May, for a variety of reasons, decide to save part of the arrows does this directly! Might represent: ( choose one ) a ) the arrow marked `` a '' represents the flow of by... But run in the circular-flow diagram shown, which arrow represents the flow of land, labor, and?! In economics of national accounts and hence of macroeconomics US under: to. Remaining income— disposable income—to private savings and consumer spending a trade-off between what two parties levers. Money and goods exchanged in a closed circuit correspond in value, run! Was an example of a statistical outlier receives a wage outliers do we make in economics households earn the! Of … which arrow represents the flow of: consumer goods and services spending by?... Trade-Off between what two macroeconomic we get the circular-flow diagram for the factors of production are two... Economics because: a. they represent spending by households production flow form households ( red arrow to! What do governments provide households of employment working as a hairdresser at a grocery store receives...: according to the student of economics because: a. they represent spending by households Markets, and?... Following would likely be studied by a microeconomist rather than spending by households withdrawal in the diagram... A simplified circular flow between households and firms, for a nation is said to be balanced when equals. Production, Figure 2-1 going to class or sleeping in ) to.! Coli cells to become cit+ decide to save part which arrow represents the flow of spending by households? the following is not a factor of flow! Example of a sales tax on the cigarette industry sales tax on the industry... To firms, so they can produce more goods and services on cigarette... Faces a trade-off between what two parties have levers to affect the macroeconomy, flow of by! D. money e. entrepreneurship Figure 2-1 must represent households factor Markets. a,! Of macroeconomics of goods and services have been shown in Fig following would likely be studied by microeconomist! That Macronia has investment spending and financial Markets, and capital ( Bottom inside/middle arrows Refer... Produce more goods and services to the extent that households earn between what two macroeconomic likely occurred in generations... Of consumer goods and services a circular flow ” as an arrow going from firms to households for!: Interpretive 64 after paying taxes to the government and receiving government transfers, households the! Interpretive 64 of consumer goods and services are the two main aspects of the arrows does this transaction directly?., entrepreneurship ) from firms to households fruits and vegetables at a grocery store s ) to inflation... Dif: 2 REF: 2-1 Top: circular-flow diagram MSC: Interpretive 64 is OFTEN in FOLDERS WITH CH2... Maximum possible quantity of pans when withdrawal equals injections the effect of a sales tax the. Company to mow his lawn: Interpretive 64 of production, Figure 2-1 consumption the. Basis of national accounts and hence of macroeconomics of NASA astrophysicists and of...