In the Circular flOw Diagram, fiRms Get Their Ability to Pay

question 162

Multiple Choice

In the circular flow diagram, firms get their ability to pay for the costs of production from the

• A) revenues they receive for their products.
• B) resources they acquire in the resource markets.
• C) incomes they earn for their resources.
• D) goods and services they get in the product markets.

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Definitions:

Artificially Induced

A process or state that is caused to happen through artificial means rather than occurring naturally.

Naturally Induced

Refers to processes or conditions triggered by natural factors rather than artificial or human interventions.

Natural Exposure

Contact with natural environmental factors, such as sunlight or pathogens, without human intervention.

Artificially Induced

A condition or state brought about by external intervention rather than occurring naturally.