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65. Refer to Figure 2-1. Which arrow represents the flow of goods and services? A. A b. B c. C d. D ANS: B PTS: 1 DIF: 2 REF: 2-1 TOP: Circular-flow diagram MSC: Interpretive 66. Refer to Figure 2-1. Which arrow represents the flow of spending by households? Chapter 2/Thinking Like an Economisty 45 67. Refer to Figure 2-1. Which arrow shows the flow of land, labor, and capital? A. A b. B c. C d. D ANS: C PTS: 1 DIF: 2 REF: 2-1 TOP: Circular-flow diagram MSC: Interpretive 68. Refer to Figure 2-1. Which arrow shows the flow of income payments? A. A b. B c. C d. D ANS: D PTS: 1 DIF: 2 REF: 2-1 TOP: Circular-flow diagram MSC: Interpretive 69. Refer to Figure 2-1. Juan buys a new pair of shoes at a shoe store. To which of the arrows does this purchase directly contribute? A. A only b. A and B c. C only d. C and D ANS: B PTS: 1 DIF: 2 REF: 2-1 TOP: Circular-flow diagram MSC: Applicative 70. Refer to Figure 2-1. Michelle completes her first week of employment working as a hairdres
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