In the Circular flOw of Income, the Purchase of a Hospital

question 99

Multiple Choice

In the circular flow of income, the purchase of a hospital by the government represents _____.

• A) a payment made to a factor of production
• B) an injection into the circular flow
• C) an investment by a firm
• D) a leakage from the circular flow

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Definitions:

Experience

The knowledge or skill acquired through involvement in or exposure to events.

Compass Sense

The sense of direction an animal requires to travel in a straight line toward a destination.

Map Sense

An innate ability or skill that helps organisms navigate through their environment, often seen in migratory animals.

Cognition

The mental processes involved in gaining and using knowledge; cognition is learning and knowing, including awareness, thinking, processing information, reasoning, and awareness of thoughts, perceptions, and self.