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In the Circular-Flow Diagram, Households and Firms Are the Decision

question 258

True/False

In the circular-flow diagram, households and firms are the decision makers.


Definitions:

Peripheral Vision

The ability to see objects that are outside the direct line of vision, near the edges of the field of view.

Neonates

Newborn infants, especially those under four weeks old.

Older Children

Older children refers to youths who are in the middle childhood phase, typically between the ages of 6 and 12, displaying advanced cognitive and physical development compared to younger children.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which increases or decreases the likelihood of a behavior being repeated.

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