Which transactions would represent a flow from businesses to households in the circular flow of business? A)
B)
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Households supply taxes to businesses and businesses supply labor to
households.
Households supply revenue for businesses and businesses supply income
to households.
Households supply labor to businesses and businesses supply goods and
services to households.
Households supply land, labor and capital to businesses and businesses
supply goods and services to households.
Households supply goods and services to businesses and businesses
provide entrepreneurial skills to households.
D)
E)

b) the confederacy had to pay all union war expenses.

the committees of correspondence were the american colonies’ means for maintaining communication lines in the years before the revolutionary war. in 1764, boston formed the earliest committee of correspondence to encourage opposition to britain’s stiffening of customs enforcement and prohibition of american paper money. the following year, new york formed a similar committee to keep the other colonies notified of its actions in resisting the stamp act. in 1773, the virginia house of burgesses proposed that each colonial legislature appoint a committee for intercolonial correspondence. the exchanges that followed built solidarity during the turbulent times and bring about the formation of the first continental congress in 1774.

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