In the Markets for Goods and Services in the Circular-Flow

question 239

Multiple Choice

In the markets for goods and services in the circular-flow diagram,

• A)households provide firms with savings for investment.
• B)households provide firms with labor, land, and capital.
• C)firms provide households with output.
• D)firms provide households with profit.

---

Definitions:

Superordinate Goal

An objective shared by individuals or groups that requires their cooperation to achieve, often used to reduce conflict between competing parties.

Climate Change

Long-term alterations in temperature, precipitation, and weather patterns, largely attributed to human activities, especially the emission of greenhouse gases.

Terror Management

A theoretical concept that explores how humans deal with the fear of their own mortality, often by seeking self-esteem and adhering to cultural values.

Social Dominance

A theoretical concept in social psychology that explains how societies maintain hierarchies and group-based social hierarchies through mechanisms of dominance and oppression.