In the Circular-Flow Diagram

question 248

Multiple Choice

In the circular-flow diagram,

• A)taxes flow from households to firms,and transfer payments flow from firms to households.
• B)income payments flow from firms to households,and sales revenue flows from households to firms.
• C)resources flow from firms to households,and goods and services flow from households to firms.
• D)inputs and outputs flow in the same direction as the flow of dollars,from firms to households.

Understand the role and impact of creative project funding platforms like Kickstarter.

Recognize the characteristics and functions of different financial institutions and services.

Identify the characteristics of finance companies including their interest rates and requirements.

Understand the concept and tools of electronic funds transfer.

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Definitions:

Narrative Therapy

A therapeutic approach that focuses on the stories people tell about their lives and experiences, helping them to rewrite these narratives in more empowering ways.

Michael White

A prominent figure in the field of family therapy, known for developing narrative therapy which focuses on individuals' stories as a way to address problems.

Counter-conditioning

A behavior therapy technique where a positive response is conditioned to replace a negative or undesirable response to a particular stimulus.

Therapeutic Goals

Objectives set during therapy sessions aimed at resolving psychological problems and improving mental health.