The Figure Above Shows the Circular Flow Model

question 49

Multiple Choice

The figure above shows the circular flow model.
-In the figure above,which of the following transactions take place in the factor markets?
i.Michael,a student,orders a computer from Dell online.
ii.Peter gets a job at a Wal-Mart store.
iii.Apple Computer opens a new store in Georgia

• A) ii and iii
• B) only i
• C) only ii
• D) only iii
• E) i and ii

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Definitions:

Danish Empire

Historical period marked by the expansion and influence of Denmark, especially during the time of its colonial holdings and maritime dominance.

Palace Chapel

A chapel located within a palace, serving as a place of worship primarily for the royal court.

Aachen

A city in western Germany known for its historical significance as the residence of Charlemagne and the site of his Palatine Chapel, a masterpiece of Carolingian architecture.

Old Saint Peter's

A basilica that once stood on the spot where the Basilica of Saint Peter in Vatican City is located today, originally constructed during the 4th century.