The Two Loops in the Circular-Flow Diagram Represent

question 20

Multiple Choice

The two loops in the circular-flow diagram represent

• A)the flow of goods and the flow of services.
• B)the flow of dollars and the flow of financial assets.
• C)the flow of inputs into production processes and the flow of outputs from production processes.
• D)the flows of inputs and outputs and the flow of dollars.

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Definitions:

Individualist

A person with a preference for independence and self-reliance, prioritizing their own goals and self-expression over group goals.

Universal Emotion

Basic emotions that are experienced by all humans across cultures, such as happiness, sadness, fear, disgust, anger, and surprise.

Security Motivation

A psychological state driving individuals to pursue safety and security in their environment and relationships.

Growth Motivation

The drive to enhance oneself, learn new things, and effectively meet challenges.