In a Circular-Flow Model, Households Supply All of the Following

question 117

Multiple Choice

In a circular-flow model, households supply all of the following except

• A)labor
• B)goods and services
• C)capital
• D)entrepreneurial ability
• E)natural resources

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Definitions:

Dependent Variable

A variable in statistical modeling or experimental design that is assumed to be affected by other variables.

Coefficient Of Determination

A statistical measure that shows the proportion of the variance for a dependent variable that's predicted from an independent variable or variables.

Coefficient Of Correlation

A numerical measure that quantifies the degree to which two variables are related or associated, indicating the strength and direction of their relationship.

Negative

A term often used to describe values below zero, or more broadly, to indicate a refusal, denial, or the absence of a positive quality.