In the Circular Flow Model, Who Is a Seller in the Factor

question 3

Multiple Choice

In the circular flow model, who is a seller in the factor markets and a buyer in the product markets?

• A) Businesses.
• B) Transnational corporations.
• C) Foreign producers who export final goods and services into the U.S.
• D) Households.

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Definitions:

Clairvoyance

The alleged ability to gain information about an object, person, location, or physical event through extrasensory perception.

Psychometry

The claimed psychic ability to discover facts about an event or person by touching inanimate objects associated with them.

Ganzfeld Procedure

A technique used in parapsychology to test individuals for extrasensory perception (ESP) by inducing a state of sensory deprivation.

ESP

Stands for Extrasensory Perception, a claimed ability to gain information without the use of the known five senses or logical inference.