-Refer to the Circular Flow Model of the Economy

question 34

Multiple Choice

-Refer to the circular flow model of the economy.In the diagram flow (4) represents:

• A) wage,rent,interest,and profit income.
• B) land,labour,capital,and entrepreneurial ability.
• C) goods and services.
• D) consumer expenditures.

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Definitions:

Mechanized Seed Spreaders

Agricultural tools or machines designed for distributing seeds over the soil in an efficient and uniform manner, enhancing sowing processes.

Crop Rotation

A farming practice that involves growing different types of crops in the same area across a sequence of seasons to improve soil health and reduce pest and weed pressure.

Fordism

An industrial production system pioneered by Henry Ford, characterized by large-scale manufacturing of standardized products using assembly line technology and specialized labor.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology.