Figure 2-2 -Refer to Figure 2-2.If the Flow of Goods and Services

question 249

Multiple Choice

Figure 2-2
-Refer to Figure 2-2.If the flow of goods and services is part of what is represented by the inner loop of this circular-flow diagram,then

• A)the flow of factors of production is also part of what is represented by the inner loop.
• B)the flow of income paid to households is also part of what is represented by the inner loop.
• C)the flow of revenue to firms is also part of what is represented by the inner loop.
• D)households must be sellers of output.

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Definitions:

Dominant Gene

A genetic sequence that overpowers and determines the expression of a trait over another allele.

Recessive Gene

A gene that produces its characteristic phenotype only when its allele is identical, being masked by the effects of a dominant gene when paired with it.

Down Syndrome

A genetic disorder caused by the presence of all or part of an extra 21st chromosome, characterized by physical growth delays, characteristic facial features, and varying degrees of intellectual disability.

Live Births

The act of giving birth to young that are developed within the mother's body and are born alive.