In the Circular-Flow Diagram

question 56

Multiple Choice

In the circular-flow diagram,

• A)profit flows from households to firms.
• B)labor flows from households to firms.
• C)services flow from households to firms.
• D)All of the above are correct.

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Definitions:

Perseveration

The repetition of a particular response (such as a word, phrase, or gesture) despite the absence or cessation of a stimulus, often associated with various forms of brain damage or mental illness.

Egocentrism

A lack of ability to separate one's personal perspective from the perspective of others.

Centration

A cognitive limitation in early childhood where the child focuses on one aspect of a situation, neglecting other important features.

Static Reasoning

A cognitive understanding that things do not change, mistakenly assuming that the world is always in the same state as it is currently observed.