The Circular Flow Model Represents the Establishment of Market Value

question 67

Multiple Choice

The circular flow model represents the establishment of market value for:

• A) goods and services.
• B) wages and salaries.
• C) profits and rents.
• D) all of the above.

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Definitions:

Summarize

to briefly restate the main points or essence of a larger body of information or narrative.

Main Point

The central or most important idea in a discussion, argument, or piece of writing.

Bar Graph

A chart that represents data with rectangular bars with lengths proportional to the values they represent.

Smallest To Highest

Ordering or arranging items based on their size or value, beginning with the smallest and ending with the largest.