The simple circular-flow diagram is a model that includes only some key players in the real economy.Which of the following key players are omitted from the simple circular-flow model?
A) Households
B) Firms
C) Government
D) Markets for Factors of Production
Correct Answer:
Verified
Q63: In the simple circular-flow diagram,households
A)are the only
Q66: In the circular-flow diagram,firms produce
A)goods and services
Q70: Which two groups of decision makers are
Q72: Which markets are represented in the simple
Q75: Which of these terms are used interchangeably?
A)"goods
Q77: In the circular-flow diagram,another name for goods
Q79: In economics,capital refers to
A)the finances necessary for
Q95: In the circular-flow diagram,in the markets for
A)goods
Q213: In the simple circular-flow diagram, the participants
Q214: Another term for factors of production is
A)inputs.
B)output.
C)goods.
D)services.
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