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The figure above shows the circular flow model.
-In the figure above,which of the following transactions take place in the factor markets?
i.Michael,a student,orders a computer from Dell online.
ii.Peter gets a job at a Wal-Mart store.
iii.Apple Computer opens a new store in Georgia.
Egocentrism
A cognitive trait where an individual has difficulty understanding or assuming any perspective other than their own, commonly observed in early childhood development.
Formal Operational Intelligence
The cognitive capacity to systematically solve problems and think logically about hypothetical situations, as conceptualized by Piaget.
Basic Trust
A term coined by Erik Erikson, referring to the first stage of psychological development where an infant learns to trust or mistrust their caregivers and environment.
Avoidant Attachment
A type of insecure attachment style characterized by an individual's efforts to avoid close emotional bonds and reliance on others.
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