In the Circular Flow Model, Which of the Following Is

question 5

Multiple Choice

In the circular flow model, which of the following is on the buying side in the goods market?
i. Firms
ii. Households
iii. Federal, state and local governments

• A) i only
• B) ii only
• C) iii only
• D) i and ii
• E) ii and iii

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Definitions:

Hole

An opening through something or an empty space in a solid body or surface.

Axle Breaks

A mechanical failure where the rod or spindle passing through the center of a wheel or group of wheels fractures or splits, compromising vehicle safety.

Damages

Compensation awarded through legal means to a person who has suffered loss or harm due to the wrongful act of another.

Legal Rights

Entitlements or permissions granted to individuals by law, which can be defended or enforced in a court of law.