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:

Obedience

The act of following orders or instructions, often from an authority figure, without questioning.

Ethical Controls

Measures or guidelines put in place to ensure behavior and practices conform to ethical standards and principles.

Referent Informational Influence

Pressure to conform to a group norm that defines oneself as a group member.

Social Identity Approach

A theoretical framework suggesting that individuals define themselves by the groups to which they belong, affecting their behaviors and attitudes.