In the Circular Flow Model

question 58

Multiple Choice

In the circular flow model,

• A) only firms sell in markets.
• B) only households buy from markets.
• C) some firms only sell and some firms only buy.
• D) the money used to buy goods and the goods themselves travel in the same direction.
• E) both firms and households buy or sell in different markets.

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Definitions:

Leadership and Management

Refers to the skills, strategies, and processes involved in directing and controlling individuals or groups to achieve organizational goals.

Participation Rate

The percentage of eligible individuals or entities that take part in a particular program or activity.

Wholesale Trade

The business of selling goods in large quantities at lower prices to retailers or other businesses, rather than selling to consumers directly.

Transportation

The system or means by which people or goods are moved from one place to another, which can include vehicles, infrastructure, and operations.