The Circular-Flow Diagram Is a

question 193

Multiple Choice

The circular-flow diagram is a

• A)visual model of the economy.
• B)visual model of the relationships among money,prices,and businesses.
• C)model that shows the effects of government on the economy.
• D)mathematical model of how the economy works.

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Definitions:

Situational Attribution

The process of attributing behavior to external factors, such as the environment or the situation one is in.

Central Route Persuasion

Occurs when interested people focus on the arguments and respond with favorable thoughts.

Peripheral Route Persuasion

Occurs when people are influenced by incidental cues, such as a speaker’s attractiveness.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to holding contradictory beliefs, ideas, or values at the same time.