In the Simple Circular Flow Model

question 55

Multiple Choice

In the simple circular flow model:

• A) households are sellers of resources and demanders of products.
• B) households are sellers of products and demanders of resources.
• C) businesses are sellers of resources and demanders of products.
• D) businesses are sellers of both resources and products.

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Definitions:

Keyboard

A hardware device used to enter typed data and commands into a computer.

Touch Screen

A type of monitor (or display in a smartphone or tablet computer) that accepts input from a user touching the screen.

Embedded Computers

Special-purpose computers embedded within electronic devices, meant to control its functions and operations.

Computer Chips

Small electronic circuits used in computers and other devices, containing millions of microscopic transistors, to perform calculations and store data.