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In the Circular-Flow Diagram, One Loop Represents the Flow of Goods

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True/False

In the circular-flow diagram, one loop represents the flow of goods and services, and the other loop represents the flow of factors of production.


Definitions:

Innate

Refers to qualities, abilities, or knowledge that are present in an individual from birth.

Visual Cliff

An experimental apparatus used to study depth perception and fear of heights in infants and young animals.

Monocular Cues

Visual cues to depth or distance, which can be used by one eye alone.

Binocular Cues

Visual information taken in by both eyes that enables perception of depth, distance, and 3D characteristics of objects.

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