As the Circular Flow Model Shows,the Factors of Production Flow

question 46

Multiple Choice

As the circular flow model shows,the factors of production flow from

• A) firms to households through the factor market.
• B) households to firms through the factor market.
• C) firms to households through the goods market.
• D) households to firms through the goods market.
• E) the goods market through firms to the factor markets.

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Definitions:

Goal Oriented

A focus on setting and achieving objectives to accomplish specific aims.

Influence Process

The methods or techniques used to affect or shape the behavior, attitudes, or perceptions of others.

Senior Management

The top level of management who have the day-to-day responsibilities of managing a company or corporation.

Male Networks

Social or professional networks comprising primarily male members, which may influence opportunities and interactions within certain contexts.