In the Markets for Factors of Production in the Circular-Flow

question 153

Multiple Choice

In the markets for factors of production in the circular-flow diagram,

• A)households provide firms with labor,land,and capital.
• B)households provide firms with savings for investment.
• C)firms provide households with goods and services.
• D)firms provide households with revenue.

---

Definitions:

European Diseases

Infectious diseases introduced by European explorers and colonists to indigenous populations in the Americas, leading to significant demographic declines due to lack of immunity.

Tribal Lands

Designated areas of land that are recognized as being under the control and management of Native American tribes.

Puritan Migrations

The movement of English Puritans in the 16th and 17th centuries, largely to North America, to escape religious persecution and establish communities based on their beliefs.

English Civil War

A sequence of military engagements and political strategies involving Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England, spanning from 1642 to 1651.