Exhibit 1.2 -Refer to the Circular-Flow Model in Exhibit 1.2. the Flow

question 98

Multiple Choice

Exhibit 1.2

-Refer to the circular-flow model in Exhibit 1.2. The flow from firms to product markets is:

• A) goods and services.
• B) products.
• C) labor, capital, natural resources, and entrepreneurial ability.
• D) resources.
• E) wages, interest, rent, and profit.

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Definitions:

Sensorimotor

The developmental stage in early childhood where learning is achieved through physical interactions and experiences with the environment.

Puberty

The period during which adolescents reach sexual maturity and become capable of reproduction, marked by hormonal changes and physical development.

Primary Sex Characteristics

The main physical features that differentiate males and females, involved directly in reproduction.

Kohlberg

A psychologist best known for his theory of stages of moral development, which suggests that moral reasoning evolves through specific stages.