In the Simple Circular-Flow Diagram, Who Owns the Factors of Production

question 169

Multiple Choice

In the simple circular-flow diagram, who owns the factors of production?

• A) the government
• B) firms
• C) households
• D) corporations

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Definitions:

Texture

The general physical appearance or character of a rock, especially the size, shape, and arrangement of minerals and other materials.

Viscosity

A measure of a material’s resistance to flow.

Silicate Content

The proportion of silicate minerals present in a rock, soil, or other material.

Felsic

Refers to igneous rocks that are rich in light-colored minerals such as quartz and feldspars, typically associated with continental crust.