In the Circular Flow Model,there Are Two Types of Markets

question 161

Multiple Choice

In the circular flow model,there are two types of markets: the ________ market and the ________ market.

• A) producers; consumers
• B) households; firms
• C) service; goods
• D) goods; factor
• E) supply; demand

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Definitions:

Different Cultures

The varied cultural traditions, practices, languages, values, and world views that distinguish one group of people from another.

Gender Socialization

The process by which individuals learn the gender roles expected by society, often through family, media, and education.

Myth Of Equality

The false belief that all individuals or groups enjoy the same rights, opportunities, and status in a society.

Traditional Roles

Established norms and expectations about the behaviors and responsibilities associated with individuals based on their social position or status, such as gender, age, or social class.