In Terms of the Circular Flow Diagram Households Make Expenditures

question 90

Multiple Choice

In terms of the circular flow diagram households make expenditures in the _____ market and receive income through the _____ market.

• A)product; financial
• B)factor; product
• C)product; factor
• D)capital; product

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Definitions:

Density

A physical property that denotes the mass of a substance per unit volume.

Volume

The space occupied by an object or substance, or encased within a holding device.

Mass

Mass is a measure of the amount of matter in an object, usually in kilograms or grams.

Liquids

A state of matter characterized by an indefinite shape that conforms to the shape of its container, but with a definite volume.