The two most important actors of the economy are:
A) land and capital.
B) households and firms.
C) firms and capital.
D) exports and imports.
Correct Answer:
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Q129: Thomas Malthus's model made the mistake of
Q130: The two flows, or things being exchanged,
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
Q135: Which is not a characteristic of a
Q136: Which actor in the simplified circular flow
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
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