In the Simple Circular-Flow Diagram,households

question 35

Multiple Choice

In the simple circular-flow diagram,households

• A)are the only decision makers.
• B)own the factors of production.
• C)are buyers of inputs.
• D)consume only some of the goods and services that firms produce.

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Definitions:

Parallel Forms Reliability

A type of reliability that examines consistency across different forms of the same test.

Correlation

A numerical index showing how two variables fluctuate in relation to one another.

Same Test

A methodology involving the repeated application of a single test or measurement to the same group or entity under constant conditions.

Interrater Reliability

A type of reliability that examines whether observers are consistent with one another.