The Two Basic Markets Shown by the Simple Circular Flow

question 50

Multiple Choice

The two basic markets shown by the simple circular flow model are:

• A)capital goods and consumer goods.
• B)free and controlled.
• C)product and factor.
• D)household and business.

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Definitions:

Ostracism

The social or psychological exclusion of an individual from a group, which can lead to feelings of loneliness and affects mental health.

Narcissism

A personality trait characterized by an inflated sense of self-importance and a deep need for admiration and attention.

Chain Migration

Chain migration is a term used to describe the social process by which immigrants from a particular town follow others from that town to a particular city or neighborhood, whether in an immigrant receiving country or in new places in their home country.

Resettlement Agency

An organization that assists refugees and immigrants in finding housing, employment, and access to community resources to help them adjust to a new country.