The Two Basic Markets Shown by the Simple Circular Flow

question 50

Multiple Choice

The two basic markets shown by the simple circular flow model are:

• A)capital goods and consumer goods.
• B)free and controlled.
• C)product and factor.
• D)household and business.

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Definitions:

High-Risk

Refers to a greater likelihood of experiencing negative outcomes or dangers.

Predictive Efficiency

The ability of a model or test to accurately forecast the likelihood of specific outcomes based on known data or characteristics.

Construct System

refers to the collection of interconnected constructs individuals use to make sense of their experiences and guide their behavior.

Unipolarity

A term typically used in international relations describing a distribution of power in which one state exercises most of the cultural, economic, and military influence.