Refer to the Circular Flow Model of the Economy

question 114

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.

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Definitions:

Diversity And Multiculturalism

Concepts that embrace the presence and participation of diverse groups of people, including different cultures, races, religions, and genders, in a society or organization.

Human Orientation Cultural

A cultural characteristic or value that emphasizes the importance of human resources, relationships, and wellbeing in an organization or society.

Cultural Dimension

A framework for understanding the differences in culture across countries and regions, often used in cross-cultural communication and business.

Transcultural Visions

The ability to envision and implement strategies that cross cultural boundaries, promoting understanding and integration across diverse groups.