Refer to the Circular Flow Model of the Economy

question 48

Multiple Choice

Refer to the circular flow model of the economy.In the diagram flow (2) represents:

• A)wage, rent, interest, and profit income.
• B)land, labour, capital, and entrepreneurial ability.
• C)goods and services.
• D)consumer expenditures.

---

Definitions:

Unethical Attorney

A lawyer who engages in practices that are dishonest, unfair, or violate professional ethical standards, leading to mistrust and potential legal consequences.

Classical Ethics

A branch of philosophy dealing with moral principles and values, originating from ancient Greek and Roman thought.

Ethical Requirements

refers to the moral obligations and standards of conduct expected in professional practices.

Regulation Of Attorneys

The process and procedures established by governing bodies to oversee the professional conduct of lawyers, including licensing, discipline, and ethical standards.