Which of the Following Statements Is Correct

question 293

Multiple Choice

Which of the following statements is correct?

• A) Households supply both labor and non-labor resources.
• B) In the circular flow model, incomes and resources flow in the same direction.
• C) The four main factors of production are water, land, entrepreneurial ability, and energy.
• D) Owners of factors of production pay income to firms.

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Definitions:

Direct Approach

A communication strategy that involves straightforward and transparent presentation of information or a proposal.

Routine Request

A standard or common inquiry or solicitation, often made in a professional or formal context.

Main Idea

The core concept or argument that a piece of text or speech is built around, intended to be understood and remembered by the audience.

Courteous Close

A polite and respectful closing to a communication, designed to leave a positive impression.