In the Simple Circular Flow Model

question 1

Multiple Choice

In the simple circular flow model:

• A)households are demanders of factors of production.
• B)businesses are suppliers of final products.
• C)households are suppliers of final products.
• D)there are real flows of goods, services, and factors, but not money flows.

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Definitions:

Learning Revolution

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Sociocultural Revolution

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An approach in psychology that examines psychological disorders and behaviors from a biological standpoint, focusing on genetics, neurotransmitters, and the anatomy of the brain.

Cognitive Perspective

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