The Simple Circular Flow Model Shows That Workers and the Owners

question 50

Multiple Choice

The simple circular flow model shows that workers and the owners of land and capital offer their resources through:

• A)product markets
• B)factor markets.
• C)money markets.
• D)the government.
• E)foreign exchange markets.

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Definitions:

Erythrocytes

Red blood cells, which carry oxygen from the lungs to the rest of the body and return carbon dioxide for exhalation.

Leukocytes

White blood cells that are part of the body's immune system, helping to fight infection and other diseases.

Hematocrit

The proportion of blood volume that is occupied by red blood cells, a key indicator of blood oxygen-carrying capacity.

Percent Volume

A measure representing the concentration of a component in a mixture or solution as a percentage of the total volume.