In the Circular flOw Model of the Market System, Households

question 224

Multiple Choice

In the circular flow model of the market system, households' major role is to

• A) buy both products and resources.
• B) sell both products and resources.
• C) buy products and sell resources.
• D) sell products and buy resources.

Understand how exchange rates are influenced by changes in domestic and foreign price levels.

Assess the implications of exchange rate movements on a country's net exports.

Understand the characteristics and trends of single, married, and cohabitating individuals.

Recognize the effects of parenting, marriage, and singlehood on mental and physical health.