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.

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Definitions:

Friends

Individuals whom one knows, likes, and trusts, and with whom one shares interests and personal time.

Controls

Controls refer to the mechanisms, processes, or regulations designed to maintain order, accuracy, or to manipulate variables in experiments or systems.

Redirect

A strategy used to change the direction of a behavior or conversation towards a more desirable outcome.

Anger

An emotional state that varies in intensity from mild irritation to intense fury and rage, often triggered by perceived wrongs or frustrations.