According to the Circular-Flow Diagram,if Suzy Is a Worker Who

question 159

Multiple Choice

According to the circular-flow diagram,if Suzy is a worker who delivers flowers for Happy Day Flower Company,she participates

• A)in the markets for factors of production exchanging labor for income.
• B)in the markets for factors of production exchanging flowers for revenue.
• C)in the markets for goods and services exchanging flowers for wages,rent,and profit.
• D)in the markets for goods and services exchanging labor for income.

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Definitions:

Total Assets

The sum of all resources owned by a company, including cash, inventory, property, and equipment, reported on the balance sheet.

Cash

Liquid currency and readily accessible funds available in checking and savings accounts, often used to meet short-term financial obligations.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a normal operating cycle, whichever is longer.