In the Circular Flow Model, Businesses

question 20

Multiple Choice

In the circular flow model, businesses

• A) own resources.
• B) hire resources.
• C) provide public services.
• D) receive revenue from the government.
• E) sell capital goods in the financial market.

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Definitions:

Piaget

Swiss psychologist Jean Piaget, known for his theory of cognitive development that describes how children construct a mental model of the world.

Conservation

The concept that a given quantity of matter remains the same despite being rearranged or changed in appearance, as long as nothing is added or taken away.

Higher IQ's

Refers to above-average scores on standardized tests designed to measure intelligence and cognitive abilities.

Better Athletes

Individuals who possess higher physical capabilities, better motor skills, and/or superior strategic understanding, making them more proficient in sports activities.