The Simple Circular Flow Model Shows That

question 33

Multiple Choice

The simple circular flow model shows that:

• A)households are on the demand side of both product and factor markets.
• B)businesses are on the supply side of both product and factor markets.
• C)households are on the supply side of the factor market and on the demand side of the product market.
• D)businesses are on the demand side of the product market and on the supply side of the factor market.

Differentiate between various sensory thresholds (absolute threshold, differential threshold) and understand their significance in perception.

Comprehend the process and factors affecting consumer attention, including adaptation and attention focusing.

Recognize the role of sensory marketing in affecting consumer behavior and decision-making.

Appreciate the psychological aspects of perception in consumer responses to marketing stimuli.

---

Definitions:

Motor Activities

Physical actions involving movement and coordination of the muscles and limbs, important in the development of gross and fine motor skills.

Walking

A form of locomotion involving the coordinated movement of the legs to move an individual from one location to another.

Cerebellum

A part of the brain located at the back of the skull, primarily responsible for coordinating movement and balance.

Medulla

A specific area within the brainstem that controls vital bodily functions such as heart rate, breathing, and blood pressure.