Solved

The Simple Circular-Flow Diagram Is a Model That Includes Only

Question 150

Multiple Choice

The simple circular-flow diagram is a model that includes only some key players in the real economy.Which of the following key players are omitted from the simple circular-flow model?


A) Households
B) Firms
C) Government
D) Markets for Factors of Production

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Which of the following is one of

Q27: Economists often find it worthwhile to make

Q70: Policymaking in a representative democracy<br>A)is straightforward and

Q109: Macroeconomics is the study of economy-wide phenomena.

Q143: The concept of slope can be used

Q145: Philip wants to create a graph containing

Q149: Which of the following trade-offs does the

Q153: Figure 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 2-3

Q163: Which of the following is not an

Q235: Production is efficient if the economy is