In the Simple Circular-Flow Diagram

question 184

Multiple Choice

In the simple circular-flow diagram,

• A)households own the factors of production.
• B)households buy all the goods and services that firms produce.
• C)land,labor,and capital flow from households to firms.
• D)All of the above are correct.

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Definitions:

Freudian Theory

A set of psychoanalytic concepts developed by Sigmund Freud that emphasizes unconscious motivations and conflicts as the basis of human behavior.

Superego

In psychoanalytic theory, the part of the personality that acts as the moral center, enforcing ethical conduct and suppressing unacceptable desires.

Maslow's Hierarchy

A theory in psychology, proposed by Abraham Maslow, that prioritizes human needs in the form of a pyramid, with physiological needs at the base ascending to self-actualization at the top.

Psychotic Patient

An individual experiencing psychosis, characterized by a disconnection from reality, which may include hallucinations, delusions, or disordered thinking.