In the Circular Flow Model, Households Earn Their Incomes in the

question 85

Multiple Choice

In the circular flow model, households earn their incomes in the

• A)resource markets.
• B)product markets.
• C)capitalist markets.
• D)money markets.

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Definitions:

Information Processing

A theory describing the analysis, manipulation, and storage of information by the brain.

Elaborative Rehearsal

The kind of coding in which new information is related to information that is already known.

Levels-of-processing Model

A theory suggesting that memory retention is directly related to the depth of mental processing of information, ranging from shallow to deep.

Method of Savings

A measure of retention in which the difference between the number of repetitions originally required to learn a list and the number of repetitions required to relearn the list after a certain amount of time has elapsed is calculated.