In the Markets for Goods and Services in the Circular-Flow

question 31

Multiple Choice

In the markets for goods and services in the circular-flow diagram,

• A)households and firms are both buyers.
• B)households and firms are both sellers.
• C)households are buyers and firms are sellers.
• D)households are sellers and firms are buyers.

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Definitions:

Dependence

A state in which an individual relies on something or someone for support or to function normally.

Sex-typed Behavior

Behaviors traditionally associated with a particular gender based on societal norms or expectations.

Gender Identity Confusion

Uncertainty or persistent questioning about one's gender identity or internal experience of gender, which may not align with societal expectations or biological sex.

Innate Behavior Patterns

Behaviors that are genetically hardwired and manifest without being learned from the environment.