The Circular Flow Model Shows That Consumer Goods and Services

question 52

Multiple Choice

The circular flow model shows that consumer goods and services produced by business firms are sold in the

• A) goods market.
• B) factor market.
• C) labor market.
• D) financial market.

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Definitions:

Restatement

The act of expressing the same idea or fact in different words to clarify or emphasize it.

Case Buildup

A method of assembling evidence and facts to support a legal argument or position.

Subject

The main topic or focus of a document, conversation, or area of study.

Visual Cue

A signal or marker, often visual, that guides behavior, influences perception, or provides direction.