In the Circular Flow Model,which of the Following Owns the Factors

question 74

Multiple Choice

In the circular flow model,which of the following owns the factors of production?

• A) only federal, state, and local governments
• B) only households
• C) only firms
• D) both firms and households
• E) firms, households, and all levels of government

Know the age of Earth and the timing of key events in its biological history.

Discern the characteristics that define life and the criteria for detecting it.

Grasp the significance of photosynthesis and its impact on Earth's atmosphere and biosphere.

Recognize the characteristics shared among all living organisms, indicating common origins.

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Definitions:

Secondary Bronchus

Branches of the primary bronchi that lead into each lobe of the lungs, further branching into the tertiary bronchi.

Copper Pipe

Tubing made from copper, commonly used in plumbing for its durability and resistance to corrosion.

Stiff

Describes an object or body part that is rigid, difficult to bend or move.

Sponge

A simple aquatic creature with a porous body, or a soft, absorbent material used for washing and cleaning.