In the Markets for Factors of Production in the Circular-Flow

question 153

Multiple Choice

In the markets for factors of production in the circular-flow diagram,

• A)households provide firms with labor,land,and capital.
• B)households provide firms with savings for investment.
• C)firms provide households with goods and services.
• D)firms provide households with revenue.

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Definitions:

Cerebellar Cortex

The outer layer of the cerebellum in the brain, involved in the regulation and coordination of movement, posture, and balance.

Vagus Nerve

A cranial nerve that innervates major organs, including the heart and digestive tract, playing a crucial role in autonomic functions like heart rate and digestion.

Glossopharyngeal Nerve

The ninth cranial nerve, which is responsible for taste and other functions in the tongue and throat.

Spinal Reflex Arc

A neural pathway that mediates a reflex action involving the spinal cord, consisting of at least one sensory neuron and one motor neuron.