Which actor in the simplified circular flow model is on the supply side of the factor market?
A) Firms
B) Households
C) Market for goods and services
D) Government
Correct Answer:
Verified
Q131: A factual claim about how the world
Q132: Households are vital to the circular flow
Q133: Good economic models should:
A) attempt to include
Q134: The two most important actors of the
Q135: Which is not a characteristic of a
Q137: An economic model:
A) exactly explains what happens
Q138: One of the most basic models of
Q139: When attempting to understand why a model
Q140: A _ statement is most likely to
Q141: Which of the following is an example
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