In the circular flow model,businesses
A) demand both products and resources.
B) supply both products and resources.
C) demand products and supply resources.
D) supply products and demand resources.
Correct Answer:
Verified
Q2: Which statement is true?
A)American industry is very
Q3: The government performs each of the following
Q4: Which statement is false?
A)Under Soviet communism,government planning
Q5: Which statement is true?
A)The communist system of
Q6: Private ownership of most of the means
Q8: Sweden and Norway would best be described
Q9: In order for the price mechanism to
Q10: Which statement is false?
A)Under our economic system,most
Q11: A socialist economy is characterized by
A)an extensive
Q12: A person will do more good pursuing
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