In the Circular Flow Model,which of the Following Owns the Factors

question 74

Multiple Choice

In the circular flow model,which of the following owns the factors of production?

• A) only federal, state, and local governments
• B) only households
• C) only firms
• D) both firms and households
• E) firms, households, and all levels of government

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Definitions:

Digital Copy

An electronic version of a document, image, book, or any other type of content that can be stored, viewed, and transmitted over digital platforms.

Introductory Feature

An initial element or aspect designed to introduce users or readers to a service, product, or subject matter.

Time-Pressed Readers

Individuals who face time constraints, causing them to scan or skim through written material quickly to extract necessary information.

Digitally Distributing

The process of delivering content or products over the internet directly to consumers or users.