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    Microeconomics Theory with Applications
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    Exam 1: Microeconomics: a Working Methodology
  5. Question
    The Circular Flow Diagram
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The Circular Flow Diagram

Question 56

Question 56

Multiple Choice

The circular flow diagram:


A) focuses on the flow of knowledge.
B) abstracts from the complexity of the real life economies.
C) does not include the resource markets and goods markets.
D) is not concerned with the interaction of individuals and firms in the economy.

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