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:

Public-Speaking Norms

Accepted practices and behaviors considered appropriate or effective when speaking in public settings.

Varied Cultures

The existence or inclusion of different cultural practices, beliefs, and values within a society or between societies.

Organizational Representative

An individual who acts as a spokesperson or agent for an organization, embodying its values and objectives in public or professional settings.

Extemporaneous Presentation

A speech or presentation delivered with little preparation, often in a spontaneous or improvised manner.