In the Circular Flow Model

question 70

Multiple Choice

In the circular flow model,

• A)households are sellers of factor services in goods markets.
• B)households are buyers of goods and services in the factor markets.
• C)firms are sellers of the factors in factor markets.
• D)firms are sellers of goods and services in goods markets.
• E)firms are buyers of goods and services in final markets.

---

Definitions:

Brain and Spinal Cord

The central components of the central nervous system, responsible for processing and transmitting information throughout the body.

Somatic Nervous System

A component of the peripheral nervous system that conveys sensory information to the central nervous system and controls voluntary movements of the body.

Motor Nervous System

The motor nervous system is a division of the peripheral nervous system that controls voluntary muscle movements.

Sensory Nervous System

The part of the nervous system responsible for processing sensory information from the external and internal environment, sending it to the brain for interpretation.