In the Circular-Flow Diagram,an Organization That Produces Goods or Services

question 70

Multiple Choice

In the circular-flow diagram,an organization that produces goods or services for sale is a:

• A)market.
• B)household.
• C)factor.
• D)firm.

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Definitions:

Prestigious Institution

A highly respected and often ancient organization known for excellence in a specific field, such as education or research.

Physical Well-Being

A state of health, fitness, and overall well-being in one's body, often achieved through exercise and nutrition.

Obedience Experiment

A study or research design aimed at understanding the extent to which individuals comply with orders or commands, especially from figures of authority.

Surprised Results

Findings in research or experiments that deviate significantly from what was originally hypothesized or expected.