A Circular-Flow Model and Production Possibilities Frontier Are Similar in That

question 242

Multiple Choice

A circular-flow model and production possibilities frontier are similar in that

• A)neither allows economic analysis to occur.
• B)neither can be represented visually on a graph.
• C)both make use of assumptions.
• D)both make use of complex equations to arrive at solutions.

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Definitions:

Orientation

A process or state of being oriented; can refer to one's position in space, direction, or adjustment to a new environment.

Affects

Refers to the experience of feeling or emotion in psychology, influencing an individual's behavior and perceptions.

Siblings

Brothers or sisters; individuals having one or both parents in common.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.