What Does the Simple Circular Flow Show

question 160

Multiple Choice

What does the simple circular flow show?

• A)That households are both buyers and sellers of products and resources.
• B)That businesses are sellers of resources and buyers of products.
• C)That households are buyers of products and sellers of resources.
• D)That businesses are sellers and households are buyers of both products and resources.
• E)That businesses both buy and sell products and resources,whereas households only buy.

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Definitions:

Footprint

In a technological context, the term often refers to the amount of space occupied by a device, or the environmental impact of producing and disposing of it.

GEO

A Geostationary Earth Orbit is a circular path located 35,786 kilometers directly above the Earth's equator, moving in the same direction as the Earth rotates.

LEO

stands for Low Earth Orbit, which is an orbit relatively close to the Earth's surface, used for many types of satellites, including those for communication, observation, and science.

MEO

Medium Earth Orbit, a region of space around the Earth above low Earth orbit (LEO) and below geostationary orbit, often used for satellites, including for communications and navigation purposes.