Households Are Vital to the Circular Flow Model in What

question 91

Multiple Choice

Households are vital to the circular flow model in what two ways?

• A) They supply factors of production and purchase goods and services.
• B) They export goods and services and import goods and services.
• C) They vote for political officers and pay taxes.
• D) They facilitate exchange between consumers and firms.

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Definitions:

Oral Contraceptives

Medications taken by mouth to prevent pregnancy, commonly referred to as birth control pills, which contain hormones to inhibit ovulation.

Hormonal Methods

involve the use of hormones to prevent pregnancy and can include birth control pills, patches, injections, and implants.

Premenstrual Syndrome

A collection of emotional, psychological, and physical symptoms that are linked to a woman's menstrual cycle.

Oral Contraceptive Pill

A medication taken orally by women to prevent pregnancy, commonly known as the birth control pill.