Which of the Following Statements About a Simple Circular Flow

question 183

Multiple Choice

Which of the following statements about a simple circular flow model is false?

• A) Producers are buyers in the factor market and sellers in the product market.
• B) Households are neither buyers nor sellers in the input market.
• C) Producers are buyers in the factor market.
• D) Households are sellers in the product market.

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Definitions:

Indirect Discrimination

Discrimination that occurs when a seemingly neutral provision, criterion or practice puts individuals at a particular disadvantage compared to others, often unintentionally.

Core Technology

The primary technology that is central to a company's products or services, often determining its competitive advantage.

Indirect Discrimination

occurs when a seemingly neutral policy or action causes disadvantageous effects on a group of people because of their race, gender, age, or other protected characteristics.

Volume Discounts

Price reductions offered to buyers purchasing in large quantities, incentivizing bulk orders.