In the Markets for Goods and Services in the Circular-Flow

question 239

Multiple Choice

In the markets for goods and services in the circular-flow diagram,

• A)households provide firms with savings for investment.
• B)households provide firms with labor, land, and capital.
• C)firms provide households with output.
• D)firms provide households with profit.

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Definitions:

Experimenter

A researcher who conducts an experiment, controlling and manipulating the variables under study.

Shock Levels

Refers to the intensity or strength of an electric shock, often used in experimental contexts to study behavior or responses.

Socially Pressured

The feeling of being compelled to act in a certain way or make specific choices due to the influence or expectations of society or one's social group.

Freedom

The condition or right of being able to act, speak, or think as one wants without hindrance or restraint.