In the Simple Circular-Flow Diagram, Who Owns the Factors of Production

question 169

Multiple Choice

In the simple circular-flow diagram, who owns the factors of production?

• A) the government
• B) firms
• C) households
• D) corporations

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Definitions:

Statistically Valid

The degree to which conclusions derived from a statistical analysis are reliable and meaningful, based on the methodology and sample size.

Gender-Role Stereotypes

Social and cultural expectations about the behaviors and attitudes appropriate for each gender.

Social Learning

The process of acquiring behaviors, skills, attitudes, or beliefs through observation of and interaction with others.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, or both sexes, as well as the absence of these attractions.