Which Actor in the Simplified Circular Flow Model Is on the Supply

question 12

Multiple Choice

Which actor in the simplified circular flow model is on the supply side of the factor market?

• A) Firms
• B) Households
• C) Market for goods and services
• D) Government

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Definitions:

Amplitude

The height or strength of a wave or signal, indicating the intensity or maximum extent of a vibration or oscillation.

Loudness

The perception of the intensity or amplitude of sound, often measured in decibels.

Pitch

In acoustics, it refers to the perceived frequency of sound, determining how "high" or "low" it sounds.

Tympanic Membrane

A thin layer of tissue that separates the outer ear from the middle ear and vibrates in response to sound waves.