In the Circular-Flow Diagram,which of the Following Items Flows from Households

question 22

Multiple Choice

In the circular-flow diagram,which of the following items flows from households to firms through the markets for goods and services?

• A)goods and services
• B)dollars paid to land,labor,and capital
• C)dollars spent on goods and services
• D)wages,rent,and profit

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Definitions:

Demographic Data

Information collected about populations or specific groups, including age, sex, income level, and education, which is used for statistical analyses.

Individuality

The unique characteristics and qualities that distinguish one person from another.

Self-Esteem

An individual’s subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states, such as triumph, despair, pride, and shame.

Mental Image

A representation of a sensory experience formed in the mind without the presence of external stimuli.