In the Circular Flow Diagram,________ Supply the Factors of Production,and

question 2

Multiple Choice

In the circular flow diagram,________ supply the factors of production,and ________ goods and services.

• A)households; sell
• B)households; buy
• C)firms; sell
• D)firms; buy

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Definitions:

Individualistic Culture

Characterizes societies that prioritize the needs and goals of the individual over those of the group, often associated with personal independence, self-expression, and a lower degree of social connection.

Collective Culture

A cultural orientation emphasizing communal relationships, social cohesion, and the prioritization of group over individual goals.

Groups Rather

A way of referring to the preference or tendency to achieve objectives or conduct activities in groups rather than individually.

Rapid Career Growth

The process of quickly advancing in one's career, often characterized by frequent promotions, increased responsibilities, or significant skill development.