In the Simple Circular Flow Model

question 55

Multiple Choice

In the simple circular flow model:

• A) households are sellers of resources and demanders of products.
• B) households are sellers of products and demanders of resources.
• C) businesses are sellers of resources and demanders of products.
• D) businesses are sellers of both resources and products.

---

Definitions:

Cognitive Deficiencies

Lacks in mental processes of understanding, including attention, memory, and reasoning.

Irrational Beliefs

Thoughts or ideas that are unrealistic, illogical, or not based on fact or rational reasoning, often leading to negative emotional outcomes or behaviors.

Contextual Awareness

The understanding of how situational, cultural, and environmental contexts affect individuals' thoughts, behaviors, and emotions.

Consciousness Development

Refers to the process of expanding self-awareness, understanding, and insight, often through practices such as meditation, education, and self-reflection.