In the Circular Flow Model, Households Receive Income from the _____

question 158

Multiple Choice

In the circular flow model, households receive income from the _____ market and save through the _____ market.

• A) goods; financial
• B) factor; financial
• C) goods; factor
• D) factor; goods

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Definitions:

Social Gospel Movement

A religious movement that emerged in the 19th century, emphasizing the application of Christian ethics to social problems such as poverty and inequality.

Class Equality

Class equality refers to a societal state in which all social classes have equal rights, opportunities, and access to resources, minimizing or eliminating disparities in wealth and power.

Protestant Ethic

A concept in sociology introduced by Max Weber, suggesting that Protestantism, especially Calvinism, facilitated the rise of capitalism by promoting qualities like hard work, frugality, and efficiency.

Worship God

The act of showing reverence and adoration for a deity, especially as part of a religious ritual.