In the Simple Circular Flow Model, the Two Markets Are

question 10

Multiple Choice

In the simple circular flow model, the two markets are:

• A) capital goods and consumer goods markets.
• B) goods and services markets.
• C) product and resource markets.
• D) households and firms markets.
• E) domestic and foreign markets.

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Definitions:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Illusory Correlation

The perception of a relationship between two variables when no such relationship exists or the perception is stronger than the actual relationship.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, that can be tested through experimentation and observation.

Casual Impressions

Refers to the informal and intuitive judgments we make about others.