Based on the Circular Flow Model, Money Flows from Households

question 9

Multiple Choice

Based on the circular flow model, money flows from households to businesses in:

• A) factor markets.
• B) product markets.
• C) neither factor nor product markets.
• D) both factor and product markets.

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Definitions:

Acid Rain

Precipitation with a pH lower than normal, resulting from atmospheric pollution that causes environmental harm.

Adaptive Radiation

A process in which organisms diversify rapidly into a multitude of new forms, particularly when a change in the environment makes new resources available, creates new challenges, or opens new environmental niches.

Tempo

The speed or pace at which something happens or evolves.

Evolutionary Change

The evolution process by which distinct forms of life are understood to have evolved and spread out from previous versions throughout the history of Earth.