Within the Circular Flow Model, Economists Define Households as

question 113

Multiple Choice

Within the circular flow model, economists define households as

• A)individuals or groups within the same legally defined family.
• B)married or engaged couples.
• C)families living in their own houses.
• D)individuals or groups living together.
• E)families with at least 2 children.

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Definitions:

Microsystem Level

The closest layer of environment in Bronfenbrenner's ecological systems theory, consisting of settings where an individual directly interacts, like family or school.

Internal

Pertaining to or existing within an entity, such as an organization, individual, or system, often as opposed to external factors or influences.

External

Originating from or situated on the outside of an entity, not inherent or contained within it.

Stable

Characterized by consistency, reliability, and resistance to change or disorder.