In the Circular-Flow Diagram, Firms Own the Factors of Production

question 6

True/False

In the circular-flow diagram, firms own the factors of production and use them to produce goods and services.

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Definitions:

Motor Vehicle Accident

An incident involving a vehicle on the road, resulting in damage or injury.

Video Display Terminals

Electronic devices with a screen used to display data or video output from computers, including monitors, televisions, and other display screens.

Low-Level Radiation

Radiation that is at a lower intensity compared with other forms, usually referring to background or environmental radiation that is not expected to cause harm at normal exposure levels.

Pregnancy

The condition of having a developing embryo or fetus in the body, after union of an ovum and spermatozoon.