Exhibit 1.2 -Refer to the Circular-Flow Model in Exhibit 1.2. Firms Supply

question 66

Multiple Choice

Exhibit 1.2

-Refer to the circular-flow model in Exhibit 1.2. Firms supply ________ to households through product markets.

• A) goods and services
• B) products
• C) labor, capital, natural resources, and entrepreneurial ability
• D) resources
• E) wages, interest, rent, and profit

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Definitions:

Three-Digit Categories

A system of grouping or classification that uses three numbers for identification and organization purposes.

ICD-9

International Classification of Diseases, Ninth Revision, a medical classification list by the World Health Organization for diseases and related health problems, now superseded by ICD-10.

Inpatient Claims

Insurance claims related to medical treatment and services provided to patients who are formally admitted to a healthcare facility.

Tabular List

A structured list presented in table form, typically used for organizing and displaying information clearly and systematically.