In the Circular flOw Model, the Factors of Production Are

question 87

Multiple Choice

In the circular flow model, the factors of production are owned by _____.

• A) firms
• B) the government
• C) a few rich industrialists
• D) households

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Definitions:

Behavioral Neuroscientist

A scientist who studies the brain and nervous system to understand behaviors, emotions, and thoughts.

Biological Factors

Aspects of biology that influence an individual’s characteristics, behavior, and health, such as genes and hormones.

Cognitive Processes

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Functionalism

An approach in psychology that focuses on the purpose of consciousness and behavior, emphasizing how mental and behavioral processes function to enable organisms to adapt to their environment.