In the Circular Flow Model

question 58

Multiple Choice

In the circular flow model,

• A) only firms sell in markets.
• B) only households buy from markets.
• C) some firms only sell and some firms only buy.
• D) the money used to buy goods and the goods themselves travel in the same direction.
• E) both firms and households buy or sell in different markets.

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Definitions:

Heirs

Individuals legally entitled to receive assets from a deceased person's estate.

Misplaced

Refers to something that is in the wrong position or location.

iPhone

A brand of smartphones designed and marketed by Apple Inc., operating on iOS software.

Restaurant Manager

A professional responsible for overseeing the daily operations of a restaurant, including staff management, customer service, and financial management.