In a circular flow model of a market economy, households:
A) sell goods to businesses in input markets.
B) buy goods from businesses in input markets.
C) sell resources to businesses in input markets.
D) buy resources from businesses in input markets.
Correct Answer:
Verified
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
Q30: 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
Q36: In the circular flow model:
A) resources go
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