In a Circular-Flow Diagram, Which Flows Are Involved

question 216

Multiple Choice

In a circular-flow diagram, which flows are involved?

• A) Taxes flow from households to firms, and transfer payments flow from firms to households.
• B) Income payments flow from firms to households, and sales revenue flows from households to firms.
• C) Resources flow from firms to households, and goods and services flow from households to firms.
• D) Inputs and outputs flow in the same direction as the flow of dollars, from firms to households.

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Definitions:

Parental Example

The behaviors, attitudes, and actions of parents, which serve as a model for their children to emulate.

Identity Status

A concept in psychology referring to the degree to which an individual has explored and committed to a particular set of values, beliefs, or roles.

Suicide Contagion

The phenomenon where exposure to suicide or suicidal behaviors within one's community or through media can lead to an increase in suicide attempts or completed suicides among others.

Own Identity

The set of personal characteristics, values, and beliefs that an individual recognizes as uniquely defining themselves and differentiating them from others.