In the Circular Flow Model, Which of the Following Is

question 3

Multiple Choice

In the circular flow model, which of the following is on the selling side in the goods market?

• A) Exporters
• B) Both firms and households
• C) Firms only
• D) Federal, state and local governments
• E) Households only

---

Definitions:

Locus of Control

An individual’s belief about the extent to which their actions influence the outcomes or events in their lives.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from traumatic events or persistent failure to succeed.

External Locus of Control

The belief that one's life events are largely influenced by external forces or other people, rather than one's own efforts.

Achievement Tests

Standardized tests designed to evaluate a person's knowledge or proficiency in a specific area or subject.