Which of the Following Transactions Does Not Take Place in the Markets

question 335

Multiple Choice

Which of the following transactions does not take place in the markets for the factors of production in the circular-flow diagram?

• A) Jason provides plumbing services for a plumbing company and receives an hourly wage from the company for his services.
• B) Jennifer works as a marriage counselor and her clients pay her on a per-hour basis for her services.
• C) Brody owns several shopping malls and receives rent payments from the companies that operate those malls.
• D) Bree sells advertising for a newspaper and receives a commission from the newspaper company for each advertisement that she sells.

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Definitions:

Subjective Feelings

Subjective feelings refer to personal perceptions of emotions and sensations that are not observable by others, including individual internal experiences of happiness, sadness, pain, and pleasure.

Group Needs

Refer to the requirements and desires shared by members of a group, crucial for the group’s cohesion and functionality.

Selection Effect

Refers to a bias introduced into research when individuals are not randomly assigned, leading to non-comparable groups.

Peers

Individuals of similar age, status, or interest, often considered equals within a specific context.