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Figure 2-2 -Refer to Figure 2-2.If Households Are Sellers in the Markets

question 2

Multiple Choice

Figure 2-2 Figure 2-2 -Refer to Figure 2-2.If households are sellers in the markets represented by Box D of this circular-flow diagram,then A) Box D must represent the markets for factors of production. B) Box C must represent the markets for goods and services. C) firms are buyers in the markets represented by Box D. D) All of the above are correct.
-Refer to Figure 2-2.If households are sellers in the markets represented by Box D of this circular-flow diagram,then

Definitions:

Individualism

A principle favoring freedom of action for individuals over collective or state control.

Experience Of Flow

A highly focused mental state conducive to productivity, characterized by full immersion and enjoyment in the task at hand.

Feel-Good,Do-Good Phenomenon

The observation that when people feel happy, they are more likely to engage in pro-social behaviors.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that the body undergoes while under stress, according to Hans Selye.