In the Simple-Circular Flow Diagram, the Flow of Money from the Firms

question 89

Multiple Choice

In the simple-circular flow diagram, the flow of money from the firms to the markets for factors of production is called

• A)spending.
• B)revenue.
• C)income.
• D)wages, rent, and profit.

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Definitions:

Psychoanalysis

A therapeutic approach primarily focusing on revealing and understanding the unconscious mind, originally developed by Sigmund Freud.

Specific Phobias

Any of the disorders characterized by extreme and irrational fear of a particular object or situation.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Repressed Event

A repressed event refers to a memory that has been unconsciously blocked due to being associated with a high level of stress or trauma.