The Circular Flow Model Shows That Goods and Services Flow

question 44

Multiple Choice

The circular flow model shows that goods and services flow from

• A)the factor markets to the goods markets.
• B)the factor market to businesses.
• C)households to business.
• D)businesses to households.
• E)the goods market to businesses.

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Definitions:

Efficiency

The ability to accomplish a task or achieve a goal with the minimal amount of waste, expense, or unnecessary effort.

Career Apparel

Clothing specifically designed and worn for professional occupations, often reflecting the standards and expectations of the industry.

Loan Manager

A professional responsible for managing the approval and distribution of loans for individuals or businesses.

Sales Call

A communication or visit made by a salesperson or representative to a potential buyer for the purpose of promoting, selling products, or services.