Which statement about the circular flow model is correct? question options: a) businesses earn income from both the factor and product markets. b) households earn income from both the factor and product markets. c) households earn income from the factor market and businesses earn revenue from the product market.

The correct answer is C.

At the factor market, productive factors (land, work or capital) are offered by households who get a retribution in exchange for them (rent, salary or interest respectively). Therefore these retributions conform the income obtained by households in the factor market.

At the products market, the goods and services produced by firms are traded. Hence, the profit earned in this markets is the revenue that firms obtain from the economical activity they perform.

the correct answer is 2.

a slump in geology means a mass movement process of slope failure. a mass of rock or unconsolidated material drops along a slip surface. in other words, rock layers move a short distance down the slope. the slump block is an intact block (2), without any landslide material.

in this image, 1 is the surface of rapture (scarp), 2 the slump block, 3 main scarp (crown), 4 base of rapture with debris flow.

slumps are caused by clear cutting on unstable soils and the sagging of earth, in coastal areas they are due to wave infiltration.