The Circular Flow Model Is Used to Show the

question 1

Multiple Choice

The circular flow model is used to show the

• A) flow of renewable natural resources.
• B) recycling process of production materials.
• C) expansions and contractions of economic activity.
• D) flow of expenditures and incomes in the economy.
• E) flow of supply and the flow of demand.

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Definitions:

Preoccupation

The state of being absorbed or engrossed in thoughts or concerns, often leading to a lack of awareness of one’s surroundings or the task at hand.

Tangible Rewards

Physical or material incentives given to individuals as acknowledgment of their effort or achievements.

Praise

The expression of approval, commendation, or admiration towards someone or something.

Workers

Individuals engaged in a specific activity or occupation, especially one involving physical or mental effort.