The Flows in the Market Economy That Go from Firms

question 131

Multiple Choice

The flows in the market economy that go from firms to households are ________. The flows in the market economy that go from households to firms are ________.

• A)all flowing through goods markets;all flowing through factor markets
• B)the real flows of goods and services and the income flows of wages,rent,interest and profits;the real flows of labour,land,capital and entrepreneurship and the flow of expenditure on goods and services
• C)the income flows of wages,rent,interest,and profits and the flow of expenditure on goods and services;the real flows of goods and services and the real flows of labour,land,capital and entrepreneurship
• D)the real flows of goods and services and the real flows of labour,land,capital and entrepreneurship;the income flows of wages,rent,interest,and profits and the flow of expenditure on goods and services
• E)all flowing through factor markets;all flowing through goods markets

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Definitions:

Imitation

The action of using someone or something as a model and attempting to replicate their behavior or actions.

Observational Learning

A learning process that occurs through observing the behavior of others and the outcomes of those behaviors.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which was developed by B.F. Skinner.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, theorized to lead to depression and other mental illnesses.