In the Circular Flow Model

question 74

Multiple Choice

In the circular flow model:

• A)households supply factors of production to firms.
• B)households receive income through the factor market.
• C)households spend income in the product market.
• D)all of the above hold true.

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Definitions:

Comprehensive

Covering or including everything; broad in scope or content.

Community Needs

The essential goods, services, and infrastructures required for the well-being and functioning of a community.

Limited Enrollment

An educational or programmatic situation where the number of participants is restricted due to capacity, resources, or policy reasons.

Educational Practices

Educational practices encompass teaching methods, strategies, and approaches educators utilize to facilitate learning and enhance the educational experience for students.