In the Circular Flow Model,there Are Two Types of Markets

question 161

Multiple Choice

In the circular flow model,there are two types of markets: the ________ market and the ________ market.

• A) producers; consumers
• B) households; firms
• C) service; goods
• D) goods; factor
• E) supply; demand

---

Definitions:

Settlement

The resolution of a dispute or lawsuit, often involving an agreement between the parties involved, sometimes including a financial payment.

Professional Value

Ethical standards and principles that guide the behavior and decision-making process of individuals within a particular profession.

American Association

An organization or group in the United States dedicated to a specific cause, profession, or field of interest, without enough context to specify which association.

Colleges of Nursing

Colleges of Nursing are educational institutions dedicated to teaching the science and practice of nursing, offering various degrees and certifications in the nursing field.