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

question 239

Multiple Choice

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

• A)households provide firms with savings for investment.
• B)households provide firms with labor, land, and capital.
• C)firms provide households with output.
• D)firms provide households with profit.

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Definitions:

Gender Bias

The tendency to favor one gender over another, leading to unequal treatments or perceptions based on an individual's sex.

Gender Development

The process by which individuals develop a sense of their gender identity, roles, and the social and cultural expectations associated with their gender.

Authoritarian

A governing or leadership style characterized by strong, central control and little personal freedom.

Asian-American

A term referring to Americans of Asian descent, highlighting the diverse ethnic groups from the Asian continent that contribute to the American population.