Which of the Following Statements About the Circular Flow Model

question 49

Multiple Choice

Which of the following statements about the circular flow model is false?

• A)Consumers earn income by selling resources they own to businesses.
• B)Businesses supply goods and services to the household sector.
• C)Households supply resources to the business sector.
• D)Business firms buy goods and services from the household sector.

---

Definitions:

Forward-thinking Approach

A proactive way of planning and thinking that anticipates future needs, trends, and changes, rather than reacting to events as they happen.

Problem Solving

The process of identifying issues, generating solutions, and implementing choices to address challenges.

Directions

Instructions or guidance on how to perform tasks, proceed with plans, or navigate spatially.

Feedforward

A communication process that involves providing future-focused feedback or information to preempt or guide actions.