The Two Basic Markets Shown by the Simple Circular Flow

question 16

Multiple Choice

The two basic markets shown by the simple circular flow model are

• A)capital goods and consumer goods.
• B)competitive and regulated.
• C)product and resource.
• D)household and business.

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Definitions:

Problem-Focused Coping

A strategy for managing stress by directly addressing the problem causing the distress.

External Locus

A belief that one's successes or failures result from external factors beyond one's control.

Work Schedule

A planned outline that specifies when tasks, jobs, or appointments are intended to be completed or attended to.

Emotion-Focused Coping

A coping strategy that involves managing one's emotional response to a problem rather than addressing the problem itself.