Which Markets Are Represented in the Simple Circular-Flow Diagram

question 245

Multiple Choice

Which markets are represented in the simple circular-flow diagram?

• A)markets for goods and services and markets for financial assets
• B)markets for factors of production and markets for financial assets
• C)markets for goods and services and markets for factors of production
• D)markets for goods and services and markets for imports and exports

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Definitions:

Ascomycetes

A division or phylum of fungi characterized by the formation of spores in a special type of cell called an ascus, including yeasts and molds.

Plasmogamy

The fusion of the cytoplasm of two cells from different fungal hyphae, a stage in the sexual reproduction of fungi.

Karyogamy

The fusion of two nuclei within a cell, a key process in sexual reproduction resulting in the formation of a zygote.

Meiosis

A process of cell division that results in the production of four haploid cells (gametes) from a single diploid cell, with each resulting cell containing half of the genetic material of the original cell.