i. Draw a circular-flow diagram and Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars when Paul purchases a pair of shoes for $30. ii. Draw a circular-flow diagram and dentify the parts of the model that correspond to the flow of goods and services and the flow of dollars when Shannon receives a salary of $1,500 per week at the supermarket which she works. iii. Draw a circular-flow diagram and dentify the parts of the model that correspond to the flow of goods and services and the flow of dollars when Honda Limited receives $20,000 for the sale of a sports utility vehicle.
i. Draw a circular-flow diagram and Identify the parts of the model that correspond
to the flow of goods and services and the flow of dollars when Paul purchases a pair of shoes for $30.
ii. Draw a circular-flow diagram and dentify the parts of the model that correspond
to the flow of goods and services and the flow of dollars when
Shannon receives a salary of $1,500 per week at the supermarket which
she works.
iii. Draw a circular-flow diagram and dentify the parts of the model that correspond
to the flow of goods and services and the flow of dollars when Honda Limited receives $20,000 for the sale of a sports utility vehicle.
iv. Draw a circular-flow diagram and dentify the parts of the model that correspond
to the flow of goods and services and the flow of dollars whenMark earns $2,000 from his 15 percent ownership of Apple stock.
B.Classify The following statements as positive or normative. Explain.
I.Higher tax rates discourage savings and working.
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