According to the circular flow model, money flows from businesses to households, and goods and services flow from businesses to households in:
A) input markets.
B) output markets.
C) input markets and output markets, respectively.
D) output markets and input markets, respectively.
Correct Answer:
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Q35: In output markets:
A) households are buyers and
Q36: In the circular flow model:
A) resources go
Q37: According to the circular flow model, money
Q38: According to the circular flow model, money
Q39: According to the circular flow model, money
Q41: According to the circular flow model, land,
Q42: According to the circular flow model, rent,
Q43: According to the circular flow model, payments
Q44: An example of a transaction in an
Q45: An example of a transaction in an
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