In the Circular Flow Model, Which of the Following Is

question 156

Multiple Choice

In the circular flow model, which of the following is true ?

• A) Household spending flows into the factor markets.
• B) Household spending flows back to households.
• C) Household spending flows into product markets.
• D) Dollar payments for factors of production flow into households.

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Definitions:

Correspondence Bias

The tendency to attribute a person's behavior too much to their disposition and not enough to the situation they are in.

Personality Dispositions

Enduring personal qualities or tendencies that influence behavior and attitudes across various situations.

Attentional Bias

Attentional bias is a tendency to pay more attention to certain types of information while ignoring others, often influenced by emotional states or individual priorities.

External-Stable Attribution

The process of attributing an event or outcome to factors outside the individual that are consistent and unchanging over time.