The Figure Above Shows the Circular Flow Model

question 28

Multiple Choice

The figure above shows the circular flow model.
-In the figure above,which of the following represents a real flow of a factor of production?

• A) Labor
• B) Wages
• C) Goods bought
• D) Services sold
• E) Firms' expenditures on factors of production

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Definitions:

Statistician

A professional specializing in the collection, analysis, interpretation, and presentation of numerical data.

Physical Maturity

The stage of development when an individual's physical characteristics have reached the highest stage of growth according to age and genetic potential.

Sexually Mature

The stage of development where an individual or organism has reached reproductive capability.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act, playing a critical role in self-regulation behaviors.