In the Expanded Circular Flow Diagram, the Rest of the World

question 140

Multiple Choice

In the expanded circular flow diagram, the rest of the world interacts directly with

• A) households.
• B) firms.
• C) product markets.
• D) factor markets.

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Definitions:

Passively

In a manner that involves acceptance or submission without active response or resistance.

Stupor

A state of near-unconsciousness or insensibility, often resulting from illness, intoxication, or shock, characterized by a significant decrease in reaction to external stimuli.

Acute Schizophrenia

A condition marked by sudden and severe episodes of psychosis, characterized by distorted thinking, perceptions, emotions, and behavior.

Rapidly

Occurring in a short time or at great speed.