In the Circular Flow Diagram, the Counterclockwise Direction Shows the Flow

question 283

Multiple Choice

In the circular flow diagram, the counterclockwise direction shows the flow of _____, where households supply _____ and businesses supply _____.

• A) money; purchases of goods and services; income to households
• B) money; labor; goods and services
• C) goods and services; labor; goods and services
• D) goods and services; purchases of goods and services; income to households

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Definitions:

Maturation

The natural process of growth and development in humans and animals over time.

Erikson's Psychosocial Development

A theory that outlines eight stages of human development, each characterized by a different psychological conflict that needs resolution.

Adolescent Years

Adolescent years are the period of life between childhood and adulthood, characterized by physical, psychological, and social changes.

Identity Versus Role Confusion

Fifth stage of Erikson’s theory of psychosocial development, where adolescents face the challenge of figuring out who they are.