In the Markets for Goods and Services in the Circular-Flow

question 239

Multiple Choice

In the markets for goods and services in the circular-flow diagram,

• A)households provide firms with savings for investment.
• B)households provide firms with labor, land, and capital.
• C)firms provide households with output.
• D)firms provide households with profit.

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Definitions:

Ambiguous/resistant Attachment

A pattern of attachment characterized by anxiety and uncertainty in relationships, leading to clinginess and difficulty in trusting others.

Concrete Operational Stage

A phase in Piaget's theory of cognitive development where children from roughly 7 to 12 years old become capable of logical thought processes but are not yet able to think abstractly.

Egocentric

Having an inability to understand or assume any perspective other than one's own.

Preoperational Stage

A developmental stage ranging approximately from ages 2 to 7 during which children begin to engage in symbolic play and learn to manipulate symbols, but do not yet understand concrete logic.