In the Circular-Flow Diagram,the Factor Market Is Where

question 291

Multiple Choice

In the circular-flow diagram,the factor market is where:

• A)households buy factors of production.
• B)households buy goods and services.
• C)businesses buy goods and services.
• D)businesses buy factors of production.

---

Definitions:

Intuition

The capacity to grasp or comprehend something right away, without requiring conscious thought.

Managers

Individuals responsible for planning, leading, organizing, and controlling resources to achieve organizational goals efficiently and effectively.

Self-esteem

A person's overall subjective assessment of their own worth and capabilities.

Deescalate

The process of reducing the intensity of a conflict or potentially volatile situation, aiming to prevent it from worsening or leading to aggressive outcomes.