In the Circular-Flow Diagram

question 192

Multiple Choice

In the circular-flow diagram,

• A)firms are buyers in the markets for goods and services.
• B)households are sellers in the markets for the factors of production.
• C)firms are sellers in the markets for factors of production and in the markets for goods and services.
• D)dollars that are spent on goods and services flow directly from firms to households.

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Definitions:

Radio Buttons

Graphical interface elements that allow users to select one option from a predefined set of mutually exclusive options.

Text Boxes

Rectangular areas in documents or electronic forms where text can be entered or displayed.

Check Boxes

Tools used in forms and questionnaires, allowing individuals to select one or more options from a list of choices.

Sampling Unit

The basic unit containing the elements of the population to be sampled, such as individual participants or geographical areas.