Which of the Following Is TRUE Within the Circular Flow

question 39

Multiple Choice

Which of the following is TRUE within the circular flow of economic activity?

• A) Households are sellers of products and sellers of production factors.
• B) Business firms are buyers and sellers of production factors.
• C) Households are sellers of products and buyers of production factors.
• D) Business firms are sellers of products and buyers of production factors.

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Definitions:

Agents of Change

Individuals or entities that actively promote, support, and implement changes within an organization or society.

Leadership

The act of guiding or directing a group towards a goal, often involving motivating and influencing others.

Gender Stereotypes

Preconceived ideas about the attributes, behaviors, and roles of men and women.

Participative Style

A leadership approach that involves employees in decision-making processes, typically leading to increased job satisfaction and team morale.