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

question 141

Multiple Choice

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

• A) federal, state, and local governments
• B) only households
• C) exporters
• D) only firms
• E) both firms and households

---

Definitions:

Life Space

A psychological concept referring to a person's psychological activities within the physical and social environment.

Valence

In psychology, the intrinsic attractiveness(positive valence) or averseness(negative valence) of an event, object, or situation.

Cohesion

The degree to which members of a group or society stick together and remain united in pursuit of common goals.

Equilibrium

A state of balance or stability within a system, organism, or environment, where competing elements are in harmony.