In the Circular-Flow Diagram, Factors of Production Are the Goods

question 122

True/False

In the circular-flow diagram, factors of production are the goods and services produced by firms.

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Definitions:

Short-Term Memory

The component of memory where small amounts of information can be stored for a short period of time.

Modality Specific

Pertaining to or affecting a particular mode of sensation or a specific sensory system.

Echoic Memory

A component of sensory memory that stores audio information, making it available for further processing for a brief period after the original sound has ceased.

Icon

A symbol, image, or figure that represents a concept, object, or entity, often recognized universally.