The Simple Circular Flow Model Shows That

question 40

Multiple Choice

The simple circular flow model shows that

• A)households are on the buying side of both product and resource markets.
• B)businesses are on the selling side of both product and resource markets.
• C)households are on the selling side of the resource market and on the buying side of the product market.
• D)businesses are on the buying side of the product market and on the selling side of the resource market.

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Definitions:

Implicit Attitude

Implicit attitudes are unconscious beliefs or feelings towards people, objects, or concepts, influencing behavior and perception without conscious awareness.

Modest Correlation

A statistical relationship between two variables that is present but not strong, indicating a limited degree of association.

Concerned Citizen

An individual who shows care or worry about issues affecting their community or society at large.

Trustworthiness

The quality or attribute of being reliable, dependable, and deserving of trust.