In which model of Circular Flow, the households do not save?

• Frugal economy

• Spendthrift economy

• Governed economy

• Open economy

Who are the agents in the economy?

• Firms

• Households

• Government

• Production

Who are the producers in the economy?

Who among the following are Consumers?

• Firms

• Households

• Exporters

• Banks

Savings are leakages from the Circular Flow.

• True

• False

Imports are Injections into the circular flow.

• True

• False

Which of the following are the withdrawals from the circular flow?

• Savings

• Exports

• Imports

• Taxes

Identify the injections into the circular flow from the following.

• Taxes

• Imports

• Exports

• Savings

A four sector model includes foreign trade.

• True

• False

Which of the following occur because of government?

• Leakages

• Injections

• Market

• Taxes