In Terms of the Circular Flow Diagram, Households Make Expenditures

question 160

Multiple Choice

In terms of the circular flow diagram, households make expenditures in the _____ market and receive income through the _____ market.

• A)product; financial
• B)resource; product
• C)product; resource
• D)capital; product

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Definitions:

Information-processing Theory

A cognitive approach that uses the metaphor of a computer to describe how the mind processes information, from input through to storage and retrieval.

Information-processing System

A framework or mechanism that manipulates, stores, retrieves, and manages data or information.

Gender Schema

A cognitive framework that organizes information relevant to gender, influencing how individuals perceive and interpret gender-related information.

Evolutionary Psychology

The school of psychology that studies how human behaviors required for survival have adapted in the face of environmental pressures over the long course of evolution.