Multiple Choice
An economy is associated with every productive society because
A) in every society there are workers and owners of firms
B) all people enjoy consuming goods
C) the law of scarcity is universal
D) the circular flow model applies to all societies
E) economy and society are synonymous
Correct Answer:
Verified
Correct Answer:
Verified
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Q22: The circular flow diagram is<br>A) an accurate
Q23: Draw a circular flow model depicting both
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