Which of the Following Statements About a Simple Circular Flow

question 183

Multiple Choice

Which of the following statements about a simple circular flow model is false?

• A) Producers are buyers in the factor market and sellers in the product market.
• B) Households are neither buyers nor sellers in the input market.
• C) Producers are buyers in the factor market.
• D) Households are sellers in the product market.

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Definitions:

Rvalue

Rvalue refers to an expression that does not have a memory address and is typically on the right side of an assignment operation.

Assignment Operator

A symbol or set of symbols used in programming languages to assign a value to a variable.

Implicit Type Conversion

The automatic conversion of a value from one data type to another by the compiler when such conversion is necessary.

Assignment Operator

An operator used in programming to assign a value to a variable.