Which of the following best reflects the role of households in the circular-flow model?
A) Households are on the demand side of the product market and of the resource market.
B) Households are on the supply side of the product market and of the resource market.
C) Households are on the supply side of the resource market and on the demand side of the product market.
D) Households are on the demand side of the resource market and on the supply side of the product market.
Correct Answer:
Verified
Q74: Suppose that the economy is in equilibrium,
Q75: Which of the following correctly states the
Q76: In the circular-flow model, what does the
Q77: Suppose that the economy is in equilibrium,
Q78: Which of the following is an injection
Q80: Which of the following is a leakage
Q81: Which of the following would NOT be
Q82: Which of the following increases GDP?
A) Workers
Q83: Marianne and Laura are both homemakers with
Q84: Which of the following would NOT be
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