In the Circular Flow Model

question 15

Multiple Choice

In the circular flow model,

• A) the government is represented as a separate market.
• B) the government buys goods and services from firms.
• C) goods and services are sold by households and purchased by firms.
• D) factor markets are where goods rather than services are bought and sold.
• E) the government has no direct interaction with either households or firms.

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Definitions:

Positive Traits

Inherent characteristics or qualities of an individual that are perceived as beneficial, admirable, or conducive to success and well-being.

Associate

To form a connection or relationship between ideas, concepts, or entities in one's mind.

Long-Term Mating

Describes strategies or preferences aimed at forming enduring romantic relationships and mate selection for prolonged companionship and parenting.

Paternal Certainty

The degree of confidence a male has in his paternity of an offspring, which can influence investment and behavior towards the child.