In the circular flow model,
A) the government is represented as a separate market.
B) the government buys goods and services from firms.
C) goods and services are sold by households and purchased by firms.
D) factor markets are where goods rather than services are bought and sold.
E) the government has no direct interaction with either households or firms.
Correct Answer:
Verified
Q129: A money flow in the circular flow
Q130: As the circular flow model shows,the factors
Q131: Which of the following is a function
Q132: An example of a real flow in
Q133: Of the following,the largest single component of
Q135: In the factor market,firms _ and households
Q136: Which of the following transactions takes place
Q137: In the goods market,firms _ and households
Q138: Which of the following is NOT shown
Q139: In the circular flow model,which of the
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