In the Circular Flow Model,which of the Following Is on the Selling

question 141

Multiple Choice

In the circular flow model,which of the following is on the selling side in the goods market?

• A) federal, state, and local governments
• B) only households
• C) exporters
• D) only firms
• E) both firms and households

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Definitions:

Liquidator's Fee

Charges or payments made to a liquidator for the process of winding up a company, disposing of its assets, and discharging its liabilities.

Voluntary Winding Up

A process initiated by a company's shareholders to dissolve the company in an orderly manner, liquidating assets to pay creditors and distributing any remaining assets.

Company's Members

Individuals or entities that have an ownership interest in a corporation, commonly referred to as shareholders or stockholders.

ASIC

The Australian Securities and Investments Commission; an independent Australian government body that acts as the corporate regulator.