In the Circular-Flow Diagram

question 113

Multiple Choice

In the circular-flow diagram,

• A)firms own the factors of production.
• B)the factors of production are labor,land,and capital.
• C)the factors of production are also called "output."
• D)All of the above are correct.

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Definitions:

Diverse Populations

Refers to groups of people with varied backgrounds, including but not limited to race, ethnicity, gender, sexual orientation, age, and socioeconomic status.

Racial Identity Development

The series of predictable stages that people of color go through as they struggle to make sense of their relationship to their own cultural group as well as to the oppression of mainstream culture. A parallel process has been suggested for Whites.

Dominant Group

A group within a society that holds the most power, often setting standards and norms for others to follow.

Ethnic Group

Any distinguishable group of people whose members share a common culture and see themselves as separate and different from the majority culture.