The circular flow model assumes:
A) businesses and households own the factors of production.
B) businesses own the factors of production.
C) government owns the factors of production.
D) households own the factors of production.
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)
Q4: Based on the circular flow model, goods
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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