As the Circular Flow Model Shows,the Factors of Production Flow

question 46

Multiple Choice

As the circular flow model shows,the factors of production flow from

• A) firms to households through the factor market.
• B) households to firms through the factor market.
• C) firms to households through the goods market.
• D) households to firms through the goods market.
• E) the goods market through firms to the factor markets.

---

Definitions:

Trademark Rights

Legal rights granted to the owner of a trademark, protecting the distinctive symbols, names, and slogans used to identify their goods or services.

Third Party

An individual or entity that is involved in a transaction but is not one of the principal parties.

Recover Expenses

The act of obtaining reimbursement for costs that were incurred for a specific purpose or activity.

Implied Warranty

Is an assurance automatically applied by law, suggesting that a product is fit for its intended purpose and meets a basic level of quality.