In the simple circular-flow diagram, who are the decision makers?
A) firms and government
B) households and firms
C) households and government
D) households, firms, and government
Correct Answer:
Verified
Q22: Why do economists use models?
A)to learn how
Q23: What does a circular-flow diagram do?
A)It illustrates
Q25: Which of the following is NOT true
Q26: Which of the following is the most
Q28: What is a circular-flow diagram?
A)a visual model
Q29: What is an example of a product
Q31: What are the foundation stones from which
Q32: What happens when scientists make good assumptions?
A)They
Q36: What do good economic models do?
A) They
Q38: What is a model?
A) a theoretical abstraction
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents