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Which of the following is TRUE regarding the circular flow diagram?
I. "Aggregate income" is the flow of income earned by firms.
II. Retained earnings are considered income earned by firms rather than part of households' income.
III. The government, households, and firms all have transactions in the goods market.
Delegate Authority
The process of assigning decision-making power and responsibilities from a higher-ranking official to a subordinate or group.
Intern Responsibility
Refers to the duties and tasks assigned to an intern within an organization, aimed at providing them with practical experience in their field of study.
Promotional Project
A campaign or initiative aimed at increasing awareness, interest, or sales of a product or service through various marketing and advertising efforts.
Decompression
The reduction in pressure experienced by a body, often leading to the expansion of gases held in solution under higher pressure.
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