Open-Ended Questions Are:​

question 6

Multiple Choice

Open-ended questions are:​

• A) ​Never formulaic
• B) ​Constructed in a way to encourage the client to provide identifying information
• C) ​Constructed in a way to encourage the client to express feelings and opinions
• D) ​Enhanced by using the words "how," "why," "what," "when" and "where"

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Definitions:

Leakage

Any diversion of income from the domestic spending stream; includes saving, taxes, and imports.

Circular Flow

A model in economics that describes the movement of resources, goods and services, and money among different sectors in an economy.

Leakages-Injections Approach

An economic understanding and analysis of how savings, taxes, and imports (leakages) offset government spending, investments, and exports (injections) in the circular flow of income.

Value Added

The increase in worth of a product or service as a result of a particular process, often characterized by the difference between the price of the finished product and the cost of the inputs involved in making it.