The Circular Flow Model Shows That Consumer Goods and Services

question 111

Multiple Choice

The circular flow model shows that consumer goods and services produced by business firms are sold in the

• A)factor market.
• B)financial market.
• C)labour market.
• D)goods market.

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Definitions:

Chorion

The outermost fetal membrane in many vertebrates, including humans, contributing to the formation of the placenta.

Amnion

A thin but tough sac of membrane that encloses the embryo or fetus in the uterus, containing the amniotic fluid.

Allantois

An embryonic membrane involved in gas exchange and waste removal in the development of the embryo.

Spermatogenesis

The process of sperm cell development, occurring in the seminiferous tubules of the testes.