Based on the circular flow model, goods and services flow from:
A) households to businesses in product markets.
B) businesses to households in product markets.
C) households to businesses in factor markets.
D) businesses to households in factor markets.
Correct Answer:
Verified
Q1: Which of the following purchases would be
Q2: Payments to households not in exchange for
Q3: GDP is a measure of:
A) domestic production.
B)
Q5: The circular flow model assumes:
A) businesses and
Q6: GDP:
A) is the dollar value of all
Q7: The circular flow of economic activity is
Q9: Which of the following expenditures would be
Q10: Which one of the following transactions would
Q10: Which of the following market transactions of
Q11: Economic values that are measured in units
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