Which of the Following Statements About a Simple Circular Flow

question 183

Multiple Choice

Which of the following statements about a simple circular flow model is false?

• A) Producers are buyers in the factor market and sellers in the product market.
• B) Households are neither buyers nor sellers in the input market.
• C) Producers are buyers in the factor market.
• D) Households are sellers in the product market.

Understand Piaget's theory of cognitive development stages.

Identify the concepts of assimilation, accommodation, and equilibration in Piaget's theory.

Recognize the significance of cohort effects on developmental differences.

Differentiate between cross-sectional, longitudinal, and sequential research designs.

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Definitions:

External

Relating to or occurring on the outside, often referring to factors or influences that originate from beyond an individual or organization.

Internal

Pertains to something occurring within an entity, organization, or system, as opposed to external factors.

Psychological Organizational Behaviour

Studies how individual psychological factors influence and are influenced by the organizational context.

POB

Positive Organizational Behavior; focuses on the study and application of positively oriented human resource strengths and psychological capacities that can be measured, developed, and effectively managed for performance improvement in the workplace.