The Circular-Flow Model Shows That _____

question 114

Multiple Choice

The circular-flow model shows that _____

• A) households are on the demand side of the resource market.
• B) firms are on the demand side of both the product and resource markets.
• C) for each flow of money, there is an equal and opposite flow of products or resources.
• D) firms and governments are on the supply side of the loanable funds market.
• E) governments are on the demand side of the product market and the supply side of the resource market.

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Definitions:

Superficial Approach

A method or attitude that lacks depth and thoroughness, often focusing only on apparent or surface-level aspects.

Running Endurance

The capacity to sustain prolonged physical activity, especially running, over distances or time periods, through the development of muscular and cardiovascular strength.

Reliability

The extent to which a measurement instrument yields reliable and uniform outcomes across different occasions.

Generativity

The concern in establishing and guiding the next generation, often expressed through parenting, mentoring, or contributing to society in a meaningful way.