The Simple Circular Flow Model Shows That

question 78

Multiple Choice

The simple circular flow model shows that

• A)households are on the demand side of both the product and resource market
• B)firms are on the demand side of both the product and resource market
• C)households are on the supply side of the resource market and the demand side of the product market
• D)firms and governments are on the supply side of the loanable funds market
• E)governments are on the demand side of the product market and the supply side of the resource market

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Definitions:

Text Language

The specific language and abbreviations used in text messaging and online communication to convey messages quickly and with limited character use.

Vocal Pitch

The perceived frequency of a speaker's voice, which can affect the interpretation and emotional tone of the message.

Voicemail

A system that records messages from callers when the recipient is unavailable to answer the phone.

Courtesy

The showing of politeness in one's attitude and behavior toward others.