In a Simple Circular-Flow Diagram,households Buy Goods and Services with the Income

question 21

Multiple Choice

In a simple circular-flow diagram,households buy goods and services with the income they get from

• A)wages.
• B)rents.
• C)profits.
• D)All of the above are correct.

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Definitions:

Gulf of California

A body of water that separates the Baja California Peninsula from mainland Mexico, known for its deep waters and marine biodiversity.

Sea of Japan

A marginal sea between Japan, Russia, and Korea, connected to the Pacific Ocean, notable for its depth and aquatic biodiversity.

Atoll

A ring-shaped coral reef, island, or series of islets surrounding a lagoon, often found in tropical ocean waters.

Meteoroid

Solid object in interplanetary space; distinguished from asteroids by a smaller size.