Which Actor in the Simplified Circular Flow Model Buys or Rents

question 5

Multiple Choice

Which actor in the simplified circular flow model buys or rents land, labor, and capital?

• A) Firms
• B) Households
• C) Markets for factors of production
• D) Government

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Definitions:

Unemployment Rates

A measure of the number of people actively looking for a job as a percentage of the labor force.

Affirmative Action

Policies designed to increase opportunities for underrepresented groups by factoring in traits like race, gender, or disability in areas such as education and employment.

Cultural Nationalism

A form of nationalism focused on the promotion and preservation of a shared culture, language, and heritage within a specific nation.

African-American Scholars

Individuals of African descent who have significantly contributed to academic fields through research, teaching, and scholarship.