Flexibility, Inner Motivation, and Willingness to Face Risk Are Characteristics

question 45

Multiple Choice

Flexibility, inner motivation, and willingness to face risk are characteristics of people who

• A)use algorithms.
• B)prefer to use convergent thinking rather than divergent thinking.
• C)think creatively.
• D)use inductive reasoning.

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Definitions:

Circular Flow Model

An economic model that depicts how money and goods/services move through the economy in different markets between households and firms.

Resource Markets

Markets where resources like labor, capital, and raw materials required for production are bought and sold.

Workers

Individuals engaged in any form of labor, either employed or unemployed, contributing to the production of goods and services.

Production Costs

Production costs are the expenses incurred in the process of creating a product or service, including raw materials, labor, and overhead costs.