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:

Unconscionable

Describes an agreement so unfair or unjust that it shocks the conscience, often deemed unenforceable by courts.

Resale of Goods

The act of selling an item that has already been purchased, typically referring to the sale of goods by businesses to consumers.

Broken Contract

A situation where one or more parties fail to fulfill the terms and conditions outlined in a legally binding agreement.

Specific Performance

A judicial order compelling a party to execute their duties as specified in a contract instead of compensating with damages for contract violation.