In a circular flow model of a market economy, households:
A) are buyers and businesses are sellers in input markets.
B) are buyers and businesses are sellers in output markets.
C) sell resources to businesses in output markets.
D) sell goods and services to businesses in input markets.
Correct Answer:
Verified
Q24: Free enterprise refers to the right of:
A)
Q25: An economic system with free enterprise, private
Q26: Capitalism is an economic system where:
A) there
Q27: The basic circular flow model includes:
A) businesses,
Q28: In a circular flow model of a
Q30: In a circular flow model of a
Q31: In a circular flow model of a
Q32: Which of the following transactions would occur
Q33: Which of the following transactions would occur
Q34: In input markets:
A) all factors except entrepreneurship
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