In the Circular-Flow Diagram,another Name for Goods and Services Produced

question 252

Multiple Choice

In the circular-flow diagram,another name for goods and services produced by firms is

• A)factors of production.
• B)output.
• C)inputs.
• D)resources.

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Definitions:

Atoms

The basic units of matter, consisting of a nucleus surrounded by electrons.

Nitrogen

A colorless, odorless, nonmetallic element that makes up about 78% of the Earth's atmosphere and is a constituent of all living tissues.

Calcium Chloride

A salt compound often used for ice melting, dust control, and as a desiccant because of its ability to absorb moisture.

Formula

A representation of the composition of molecules and compounds using symbols for the elements.