In the Markets for Goods and Services in the Circular-Flow

question 239

Multiple Choice

In the markets for goods and services in the circular-flow diagram,

• A)households provide firms with savings for investment.
• B)households provide firms with labor, land, and capital.
• C)firms provide households with output.
• D)firms provide households with profit.

---

Definitions:

Permission

Authorization granted by a figure of authority, allowing an individual to do something.

Actual Malice

A legal standard used to prove libel or slander that shows the publisher knew the statement was false or acted with reckless disregard for the truth.

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Falsity

Relates to the quality or state of being false or untrue.