Exhibit 1.1 -Refer to the Circular-Flow Model in Exhibit 1.1. If Box

question 177

Multiple Choice

Exhibit 1.1

-Refer to the circular-flow model in Exhibit 1.1. If box C represents households, then box D represents:

• A) firms.
• B) resource markets.
• C) households.
• D) product markets.
• E) expenditures.

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Definitions:

Public Education

An education system that is provided by the government, funded by taxes, and is free of charge for the students.

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Achievement Test

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College Chemistry

A branch of science focused on the study of the composition, structure, properties, and changes of matter, as taught in a college-level course.