The Figure Above Shows the Circular Flow Model

question 28

Multiple Choice

The figure above shows the circular flow model.
-In the figure above,which of the following represents a real flow of a factor of production?

• A) Labor
• B) Wages
• C) Goods bought
• D) Services sold
• E) Firms' expenditures on factors of production

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Definitions:

Convergent Evolution

The process by which organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.

Placental

Pertaining to the placenta, an organ that develops in the uterus during pregnancy that provides oxygen and nutrients to and removes waste materials from the developing fetus.

Marsupial

A class of mammals, primarily found in Australia and the Americas, characterized by giving birth to relatively undeveloped offspring that typically complete their development in a pouch.

Echinoderms

A phylum of marine animals including sea stars, sea urchins, and sand dollars, known for their radial symmetry and a water vascular system.