Refer to the Circular Flow Model of the Economy

question 39

Multiple Choice

Refer to the circular flow model of the economy.In the diagram flow (3) represents:

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

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Definitions:

Collective Behavior

Behavior that is enacted by a group of people who are acting together, but not necessarily as a result of planning or coordination.

Reformist Movement

A reformist movement seeks to enact change within an existing system, advocating for improvements or corrections without calling for the overthrow of the system itself.

American Civil Rights Movement

A decades-long struggle by African Americans and allies in the mid-20th century to end legalized racial discrimination, disenfranchisement, and racial segregation in the United States.

Social Identity Theory

A psychological theory that examines how an individual’s self-concept is derived from perceived membership in social groups, influencing intergroup behavior.