In the Circular Flow Model, Which of the Following Owns

question 18

Multiple Choice

In the circular flow model, which of the following owns the factors of production?

• A)firms, households, and all levels of government
• B)only firms
• C)only federal, state, and local governments
• D)both firms and households
• E)only households

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Definitions:

Outgroup

An outgroup is a social group to which an individual does not identify, often viewed with less favor than the in-group or the group to which the individual belongs.

Ingroup

A group to which an individual belongs, feels a sense of identity, and derives a positive self-esteem from membership.

Outgroup

Any group an individual does not belong to or identify with.

Discrimination

Discrimination is unjust or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.