In the Circular Flow Diagram, Firms Receive Revenue from the _____

question 50

Multiple Choice

In the circular flow diagram, firms receive revenue from the _____ market, which is used to purchase inputs in the _____ market.

• A) goods; financial
• B) factor; financial
• C) goods; factor
• D) factor; goods

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Definitions:

Linear Programming Problems

Mathematical modeling techniques used to achieve the best outcome, such as maximum profit or lowest cost, within a defined set of constraints.

Transportation Method

A solution technique used in operations research and logistics to determine the most efficient way of allocating resources to move goods or services from multiple sources to multiple destinations.