One of the Major Characteristics of the Circular Flow in Our

question 61

Multiple Choice

One of the major characteristics of the circular flow in our economy is

• A) the production possibility curve.
• B) market prices.
• C) opportunity cost.
• D) specialization and exchange.
• E) absolute advantagE.

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Definitions:

Idea Relationship

The connection between concepts or the way in which ideas are linked together.

Mind Mapping

A visual form of note-taking that involves drawing diagrams that represent ideas and concepts around a central subject.

Major Thoughts

Key ideas or significant opinions that are central to a discussion or text.

Journalistic Approach

A method of gathering, assessing, creating, and presenting news and information based on the principles of journalism such as accuracy, fairness, and objectivity.