What Does a Circular-Flow Diagram Do

question 21

Multiple Choice

What does a circular-flow diagram do?

• A) It illustrates cost-benefit analysis.
• B) It explains how the economy is organized.
• C) It shows the flow of trade in the world.
• D) It explains how banks circulate money in the economy.

Comprehend the structure and functions of the peripheral nervous system.

Recognize the physiological responses to stimuli and the mechanisms behind them.

Identify characteristics and functions of reflex actions.

Analyze the stages of sleep and their physiological characteristics.

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Definitions:

Limited Partners

Investors in a limited partnership who provide capital but have limited liability and are not involved in day-to-day management.

Admission

A statement made in court, under oath, or at some stage during a legal proceeding, in which a party against whom charges have been brought admits that an oral contract existed, even though the contract was required to be in writing.

General Partners

Owners of a partnership who have unlimited personal liability for the debts of the business and participate in its operations.

Limited Liability

A legal principle that limits the amount of financial risk and responsibility of investors or partners in a company to the amount of their investment.