In a circular flow model of a market economy, businesses:
A) sell goods to households in output markets.
B) buy goods from households in output markets.
C) sell resources to households in output markets.
D) buy resources from households in output markets.
Correct Answer:
Verified
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
Q29: 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
Q35: In output markets:
A) households are buyers and
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