In a Circular-Flow Model, Which of the Following Is NOT

question 35

Multiple Choice

In a circular-flow model, which of the following is NOT supplied by households?  

• A) labour 
• B) goods and services 
• C) capital 
• D) entrepreneurial ability

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Definitions:

Swerve

A sudden change in direction, often used metaphorically to discuss changes in plans, decisions, or behaviors.

Dominant Strategy Equilibrium

Dominant strategy equilibrium exists in a strategic game when each player has a strategy that yields the highest payoff regardless of the strategies chosen by other players.

Swerve

The act of suddenly changing direction, often to avoid a collision or obstacle.

Not Swerve

A term used in game theory, typically referring to a situation where players in a game or dilemma choose not to change their strategy or direction despite potential conflict.