In the circular flow of economic life, the role that only governments can play is to
A) boldly go where no one has gone before.
B) hire entrepreneurial abilities from corporations.
C) own the assets of all large corporations.
D) sell businesses' labour services.
E) set the rules of the game.
Correct Answer:
Verified
Q27: Businesses are buyers in input markets.
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Q127: Businesses are sellers and households are buyers
Q128: Businesses are buyers and households are sellers
Q130: A good economic model
A) leaves out unnecessary
Q132: The three sets of players in the
Q133: A good economic model
A) includes as much
Q134: Inputs in the circular flow of economic
Q135: Normative statements
A) can be rejected simply by
Q136: Activities in input markets include
A) households paying
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