The Common Characteristic Possessed by All Assets Is

question 11

Multiple Choice

The common characteristic possessed by all assets is

• A)long life.
• B)great monetary value.
• C)tangible nature.
• D)future economic benefit.

---

Definitions:

Circular Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Households

Economic units that consist of all individuals who live together in one dwelling, making joint decisions about consumption and labor.

Circular Flow Model

An economic model illustrating the continuous movement of money, goods and services, and factors of production between producers and consumers in an economy.

Interdependence

Interdependence is a condition where entities are mutually reliant on each other, implying that actions of one can significantly impact the others.