In the Simple Circular Flow Model Containing Just Households and Business

question 81

Multiple Choice

In the simple circular flow model containing just households and business firms,all income is received by households in exchange for

• A)consumer expenditures.
• B)wages.
• C)labor services.
• D)product.

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

External Factors

Elements outside an organization or individual that can affect their performance or decision-making process.

Stereotyping

Assigning generalized attributes to individuals based on their membership in a particular group, without acknowledging individual differences.

Projection

A psychological defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives to someone else.