The Simple Circular Flow Model Shows That Workers and Owners

question 119

Multiple Choice

The simple circular flow model shows that workers and owners of land and capital offer their services through:

• A)​product markets.
• B)​factor markets.
• C)​money markets
• D)​government.

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Definitions:

Appraised Value

An estimate of the fair value of an asset, determined by a professional appraiser based on inspection and analysis of the asset and market conditions.

Consolidated Common Stock

The combined total of common stock held by a parent company and its subsidiaries, presented as a single item in consolidated financial statements.

Common Stock

A type of corporate equity ownership that confers a share in the company's profits and losses, as well as voting rights in corporate decisions.

Voting Shares

Shares of a company's stock that grant the shareholder the right to vote on corporate matters such as the election of the board of directors.