Which of the Following Transactions Takes Place in the Markets

question 211

Multiple Choice

Which of the following transactions takes place in the markets for the factors of production in the circular-flow diagram?

• A)Dylan receives a salary for his work as a financial analyst for an investment firm.
• B)Kristin buys two business suits to wear to her job as a Chief Information Officer.
• C)Jim receives clean water in his home in exchange for paying his water bill.
• D)Caroline owns a nail salon and receives payments from her clients for her services.

---

Definitions:

Stimulus Presentations

This refers to the process of showing stimuli (i.e., images, sounds, or situations) to participants in a scientific study or experiment to elicit responses.

Straightforward

Describes something that is simple and easy to understand or do, without complexity or ambiguity.

Staged

Organized and planned in a way that is intended to occur or appear in a specific manner, often used in contexts such as performance or experiment setup.

Insufficient Strength

A lack of adequate power or capability to produce a desired effect or outcome.