In the Circular Flow Model,there Are Two Types of Markets

question 161

Multiple Choice

In the circular flow model,there are two types of markets: the ________ market and the ________ market.

• A) producers; consumers
• B) households; firms
• C) service; goods
• D) goods; factor
• E) supply; demand

---

Definitions:

Europe Tour

A journey or series of visits to multiple countries in Europe, often for leisure, education, or cultural exploration.

Hero of Freedom

An individual recognized for their significant contributions, often through personal sacrifice or activism, toward the advancement of liberty and freedom for a group or society as a whole.

Union Army

The land force that fought for the Union during the American Civil War, comprised mainly of troops from the Northern states.

Blacks Served

Refers to African Americans who served, particularly in the military context, across various American conflicts, highlighting their contributions despite facing racial discrimination.