In the Circular-Flow Diagram

question 248

Multiple Choice

In the circular-flow diagram,

• A)taxes flow from households to firms,and transfer payments flow from firms to households.
• B)income payments flow from firms to households,and sales revenue flows from households to firms.
• C)resources flow from firms to households,and goods and services flow from households to firms.
• D)inputs and outputs flow in the same direction as the flow of dollars,from firms to households.

---

Definitions:

Cultural Differences

The variation in the ways of life, beliefs, and practices among different societies or groups of people.

Milgram Research

A series of experiments conducted by Stanley Milgram, demonstrating the willingness of individuals to obey authority figures, even to the point of inflicting harm on others.

Hazing Scandal

A public controversy or outrage arising from activities involving harassment, abuse or humiliation used as a way of initiating a person into a group.

Bystander Effect

The tendency for individuals to be less likely to provide help when others are present than when they are alone.