Which of the Following Statements Is CORRECT

question 117

Multiple Choice

Which of the following statements is CORRECT?

• A) Households supply both labor and nonlabor resources.
• B) In the circular flow model,incomes and resources flow in the same direction.
• C) The four main factors of production are water,land,entrepreneurial ability,and energy.
• D) Owners of factors of production pay income to firms.

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Definitions:

Salt Water

Water that contains a high concentration of dissolved salts, commonly found in the oceans.

Iodine Potassium Iodide (IKI)

A chemical solution commonly used as a starch indicator in biological and chemical experiments. It changes color in the presence of starch.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Hypotonic Solution

A hypotonic solution is one where the concentration of solutes is lower outside the cell than inside it, leading to water entering the cell.