Figure 2-13 -Refer to Figure 2-13.One Segment of the Circular Flow Diagram

question 91

Multiple Choice

Figure 2-13

-Refer to Figure 2-13.One segment of the circular flow diagram in the figure shows the flow of funds from economic agents E to market F.Who are economic agents E and what is market F?

• A)E = households; F = product markets
• B)E = firms; F = product markets
• C)E = households; F = factor markets
• D)none of the above

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Definitions:

Learned Helplessness

An individual's feeling of impotence, resulting from a distressing event or continual lack of success.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone, according to Maslow's hierarchy of needs.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture that the individual is educated or lives in.