In the Circular Flow Model,the Factors of Production Flow in the

question 122

Multiple Choice

In the circular flow model,the factors of production flow in the

• A) same direction as do the rents, wages, interest, and profits.
• B) opposite direction as do the rents, wages, interest, and profits.
• C) opposite direction as does the government.
• D) same direction as does the goods market.
• E) opposite direction as does the goods market.

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Definitions:

Associated Pleasure

The enjoyment or satisfaction derived from a particular activity, object, or association.

Work Ethic

The belief in the moral benefit and importance of work and its inherent ability to strengthen character.

Doctrine of Consequentialism

This ethical doctrine judges the morality of an action based on its outcomes or consequences, emphasizing the greatest good for the greatest number.

Famous Philosopher

A renowned individual known for significant contributions to philosophy, including ethical, metaphysical, logical, and social theories.