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

question 13

Multiple Choice

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

• A)Exporters
• B)Firms only
• C)Federal,state and local governments
• D)Households only
• E)Both firms and households

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Definitions:

Long-Term Financing

A method of financing that is typically used for investments or purchasing assets that have a lifespan of more than a year.

Human Resources Department

The division within a business that manages employee relations, recruitment, training, and benefits.

Employment

A relationship between an employer and an employee where the employee provides labor in exchange for compensation under agreed terms.

Warranty Expense

Costs anticipated by a company for the repair or replacement of defective products during the warranty period, treated as a liability until used.