Dan Missed Class the Day the Professor Covered the Circular

question 97

Multiple Choice

Dan missed class the day the professor covered the circular flow model.Dan asked his friend Joan to explain markets to him.Joan correctly stated that a market

• A) requires a physical location for buyers and sellers to get together.
• B) is any arrangement that brings buyers and sellers together.
• C) must include a written contract between buyers and sellers.
• D) is only a place to purchase groceries.
• E) must have many buyers and only one seller, who is willing to sell to all the buyers.

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Definitions:

Organism

An individual living entity that can react to stimuli, reproduce, grow, and maintain homeostasis.

Endoskeleton

Bony and/or cartilaginous structures within the body that provide support. Compare with exoskeleton.

Vestigial Structure

A feature in an organism that has lost all or most of its original function through the process of evolution.

Pelvis

The lower part of the torso in human anatomy, forming a basin-shaped complex of bones that connects the spine to the lower limbs and houses reproductive organs.