Exhibit 1.1 -Refer to the Circular-Flow Model in Exhibit 1.1. If Box

question 135

Multiple Choice

Exhibit 1.1

-Refer to the circular-flow model in Exhibit 1.1. If box D represents firms, then box C represents:

• A) firms.
• B) resource markets.
• C) households.
• D) product markets.
• E) expenditures.

---

Definitions:

Transit Advertising

A type of out-of-home advertising where promotions or advertisements are placed inside or on the exterior of public transportation vehicles or stations.

Subways

Underground passenger transportation systems found in many urban areas, designed for mass transit.

Cost Per Hire

The total expenses incurred by an organization to fill a job vacancy, divided by the number of hires, including advertising, recruiting, and administrative costs.

Direct Costs

Costs directly associated with the manufacture of particular products or services, including labor and raw materials.