Which of the following is true of the circular flow model?
A) It differentiates natural resources from the other factors of production.
B) It suggests that to keep up with the economy, the population must grow.
C) It treats economic growth as both the solution to all social ills and also as boundless.
D) It argues that the economy cannot grow indefinitely.
Correct Answer:
Verified
Q21: Which of the following is involved in
Q22: Which of the following is true about
Q23: Which of the following was suggested by
Q24: Which of the following ways can lead
Q25: Which of the following causes inadequacy in
Q27: Which of the following is a problem
Q28: Which of the following is true of
Q29: Which of the following models does not
Q30: In economic terms, all resources:
A)are infinite because
Q31: Which of the following explains the statement
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