Consider the Circular Flow of Income and Expenditure in the Canadian

question 20

Multiple Choice

Consider the circular flow of income and expenditure in the Canadian economy.Which of the following is a withdrawal from the circular flow?

• A)Your family buys weekly groceries.
• B)Bombardier exports subway cars to Mexico.
• C)You put $500 into your TFSA (tax-free savings account).
• D)The B.C.provincial government builds a new hospital.
• E)Canadian farmers sell wheat to China.

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Definitions:

Retrieval

The process of accessing and bringing into consciousness information stored in memory.

Recall

A process in memory that involves the retrieval of information previously learned or experienced.

Encoding

The initial stage of memory formation where perceived inputs are transformed into a format that can be stored in the brain.

Recognition Memory

is the ability to identify previously encountered events, objects, or people.