The Model of the Circular Flow of Income Labels Consumers

question 97

True/False

The model of the circular flow of income labels consumers as 'households' and producers as 'firms'.

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Definitions:

Neurotransmitter

A chemical substance released at the end of a nerve fiber by the arrival of a nerve impulse, which diffuses across the synapse or junction, causing the transfer of the impulse to another nerve fiber, a muscle fiber, or some other structure.

Cell body

The main part of a neuron or other cell, containing the nucleus and various organelles.

Organelles

Specialized structures within a cell that perform specific functions necessary for the cell's life.

Axon

A type of nerve fiber that is typically long and branches far from the cell body. Its function is to send information away from the cell body.