In Terms of the Circular Flow Diagram Businesses Obtain Revenue

question 98

Multiple Choice

In terms of the circular flow diagram businesses obtain revenue through the _____ market and make expenditures in the _____ market.

• A)product; financial
• B)factor; product
• C)product; factor
• D)capital; product

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Definitions:

Triangular Model

In psychology, a theory that explains the components of love as three interrelated elements: intimacy, passion, and commitment.

Compassionate Love

A form of love characterized by mutual respect, attachment, affection, and concern for a partner's well-being, often extending beyond self-interest.

Social Exchange Model

A theoretical framework suggesting that social behavior and interactions are the result of an exchange process aiming to maximize benefits and minimize costs.

Maximize Benefits

The principle or action of seeking to obtain the highest possible gain or advantage from a given situation.