According to the circular-flow diagram, if Christian is a worker who delivers flowers for Happy Day Flower Company, he participates
A)in the markets for factors of production exchanging labor for income.
B)in the markets for factors of production exchanging flowers for revenue.
C)in the markets for goods and services exchanging flowers for wages, rent, and profit.
D)in the markets for goods and services exchanging labor for income.

Question

Quizplus · Accepted Answer

Christian, as a worker, participates in the markets for factors of production by exchanging his labor for income. This is a fundamental aspect of the circular-flow diagram, where individuals offer their labor in the factor market and receive wages in return.

According to the Circular-Flow Diagram, If Christian Is a Worker