Which Two Groups of Decision Makers Are Included in the Simple

question 142

Multiple Choice

Which two groups of decision makers are included in the simple circular-flow diagram?

• A)markets and government
• B)households and government
• C)firms and government
• D)households and firms

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Definitions:

Open Circuit

A break in an electrical circuit preventing current from flowing.

DC Circuit

A circuit that has a constant direction of flow of electric current, typically using direct current (DC) as its power source.

Directly Proportional

A relationship between two variables where if one increases, the other one also increases at a constant ratio.

Inversely Proportional

A relationship between two variables where when one variable increases, the other decreases at a rate that maintains the constant product of the two variables.