The Circular Flow Model Shows That Consumer Goods and Services

question 52

Multiple Choice

The circular flow model shows that consumer goods and services produced by business firms are sold in the

• A) goods market.
• B) factor market.
• C) labor market.
• D) financial market.

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Definitions:

Calling Function

The process by which a function is invoked or executed in a program.

Function Returns

Describes the process of sending a value back to the point where a function was called.

Dynamic Initialization

The process of assigning a value to a variable at runtime rather than at compile time.