In the circular flow model, there are two types of markets: the -------------------- market and the-------------------- Market.
A) goods; factor
B) producers; consumers
C) service; goods
D) households; firms
E) supply; demand
Correct Answer:
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Q119: Most of the world's population lives in
A)emerging
Q120: Poland is classified as
A)a transition economy.
B)an advanced
Q121: -------------economies include -------------.
A)Developing; China and Poland
B)Developing; Poland
Q122: State and local governments spend about-------------------- of
Q123: What would be an example of consumption
Q125: The income paid to labor is called
A)profit.
B)human
Q126: The most people live in------------- economies and
Q127: In the circular flow model, the factors
Q128: What would be an example of consumption
Q129: Goods and services produced in the United
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