In the Circular Flow Model, Rent, Wages, Interest, and Profit

question 182

Multiple Choice

In the circular flow model, rent, wages, interest, and profit paid flow from_{-------------} through _{-------------}To_{-------------} .

• A)firms; factor markets; households
• B)households; factor markets; firms
• C)firms; goods market; firms
• D)households; goods markets; firms as payment for goods
• E)firms; goods markets; households

---

Definitions:

Union Density

Is the number of union members in a given location as a percentage of non-agricultural workers. It measures the organizational power of unions.

Great Britain

A geographical term that refers to the island located off the northwestern coast of Europe, comprising England, Scotland, and Wales.

Sweden

A country in Northern Europe known for its high standard of living, robust welfare state, and commitment to gender equality and environmental sustainability.

Union Concentration

The degree to which labor union membership is concentrated in certain industries, sectors, or among specific types of workers.