In the Graph of the Circular Flow Model Below,area C

question 136

Multiple Choice

In the graph of the circular flow model below,area C represents

• A) product markets.
• B) firms.
• C) factor markets.
• D) households.

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Definitions:

Cognitively Demanding

Requiring significant mental effort and intellectual engagement to understand or accomplish.

Spillover Hypothesis

Hypothesis that there is a carryover of cognitive gains from work to leisure that explains the positive relationship between activities in the quality of intellectual functioning.

Moral Thought

The process of thinking about, and making judgments regarding, the rightness or wrongness of human actions.

Kohlberg

A theorist known for his work in the development of moral reasoning, proposing stages through which individuals progress as they mature.