According to the Circular Flow of Income,households Interact with Business

question 53

Multiple Choice

According to the circular flow of income,households interact with business firms by:

• A)buying resource services from business firms.
• B)paying wages for the use of labor.
• C)selling goods and services to firms.
• D)receiving payments from firms for use of resource services.
• E)paying rent to firms for the use of land.

---

Definitions:

Colour Vision

The capacity of the visual system to differentiate between objects by identifying the wavelengths of light they reflect, emit, or pass through.

Theoretically Diverse

An attribute of fields or topics that are informed by a wide range of theories or perspectives.

Psychological Intervention

Strategies and therapies applied by mental health professionals to help individuals cope with, manage, or overcome psychological issues.

Pain Relieving Narcotics

Substances that reduce or eliminate pain by acting on the central nervous system.