In the Circular-Flow Diagram,another Name for Goods and Services Produced

question 252

Multiple Choice

In the circular-flow diagram,another name for goods and services produced by firms is

• A)factors of production.
• B)output.
• C)inputs.
• D)resources.

Distinguish between behavioral segmentation and other segmentation types.

Comprehend the importance and usage of digital footprints in social media.

Understand the impact of digital identity on personal and brand marketing.

Learn about the technological tools and terms used in social media and marketing.

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Definitions:

Forward Currency

A contract to exchange a specific amount of one currency for another at a future date and at a predetermined rate, used to hedge against currency risk.

Premium

An amount paid in addition to the standard or nominal cost, often associated with insurance, bonds, or the difference above a product's nominal value.

Spot Rate

The current market price at which a particular asset, such as currency, commodity, or security can be bought or sold for immediate delivery.

Direct Quote

A currency exchange rate quoted as the domestic currency per unit of the foreign currency.