Inputs in the circular flow of economic life include
A) businesses.
B) people.
C) households.
D) churches.
E) governments.
Correct Answer:
Verified
Q27: Businesses are buyers in input markets.
Q37: Businesses are sellers in input markets.
Q130: A good economic model
A) leaves out unnecessary
Q131: In the circular flow of economic life,
Q132: The three sets of players in the
Q133: A good economic model
A) includes as much
Q135: Normative statements
A) can be rejected simply by
Q136: Activities in input markets include
A) households paying
Q137: Businesses are sellers and households are buyers
Q138: Individuals in households ultimately own all of
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