In the Circular Flow Model,households

question 61

Multiple Choice

In the circular flow model,households

• A)sell goods and services in the input market.
• B)and firms spend earnings from resource sales on goods and services in the factor market.
• C)hire resources sold by firms in the factor market.
• D)spend earnings from resource sales on goods and services in the product market.

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Definitions:

Dominance

Power, status, and control communicated by such nonverbal cues as a relaxed posture, greater personal space, and protected personal space.

Nonverbal Cues

Communication signals or expressions that are not spoken or written, such as facial expressions, gestures, and body language.

Movement

A change in position, location, or state, often referring to physical actions or trends within society or culture.

Gestures

Movements of the body, especially the hands and arms, that are used to express feelings or convey information.