In the Circular-Flow Diagram,an Individual or a Group of People

question 138

Multiple Choice

In the circular-flow diagram,an individual or a group of people (usually a family) who share their income is a(n) :

• A)market.
• B)factor.
• C)household.
• D)business.

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Definitions:

Assignment

The transfer of rights or property from one party to another, typically in a contract setting.

Delegate Duties

The act of assigning specific responsibilities or tasks from one person to another, often within an organizational hierarchy.

Student Government

An elected body within a school or university that represents student interests, organizes events, and potentially influences school policies and administrative decisions.

State University

A public university that is primarily funded by a state government.