In the Circular Flow of Income, the Allocation of Resources

question 48

Multiple Choice

In the circular flow of income, the allocation of resources is largely decided by

• A)central authorities and firms only.
• B)individuals only.
• C)central authorities only.
• D)firms and households acting independently.
• E)political parties and firms only.

---

Definitions:

Foundational Work

The initial and crucial work that forms the base for further development or research.

Identify Audience

The process of defining and understanding the specific group of people a message, product, or campaign is aimed at, considering factors like demographics, interests, and behaviors.

Informational Objectives

Objectives focused on creating awareness of a product, company, or issue by sharing information and attributes.

Informational Campaign

A strategic approach to disseminating important information to a specific audience to inform, educate, or influence their perceptions or behaviors.