The Simple Circular Flow Model Shows That

question 40

Multiple Choice

The simple circular flow model shows that

• A)households are on the buying side of both product and resource markets.
• B)businesses are on the selling side of both product and resource markets.
• C)households are on the selling side of the resource market and on the buying side of the product market.
• D)businesses are on the buying side of the product market and on the selling side of the resource market.

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Definitions:

Hourly Fees

Charges or costs calculated based on the amount of time spent on providing services, typically expressed per hour.

Backing Up Data

The process of copying files or databases so that they will be preserved in case of equipment failure or other catastrophe.

Hourly Fees

Charges applied based on the amount of time spent on a task or service, usually quantified in hours.

Chronological Order

The arrangement of events or actions in the order that they occurred in time.