Multiple Choice
What is the function of households in the circular-flow model?
A) They own and sell resources.
B) They play a very minor role in the economy.
C) They supply goods and services.
D) They are the largest purchasers of resources.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q20: Which of the following is a positive
Q21: Which of the following views might affect
Q22: Economists use theories to explain economic phenomena.How
Q23: What is a normative economic statement? <br>A) a
Q24: How does a good differ from a
Q26: In economics, what is the definition of
Q27: The harnessing of wind by wind farms
Q28: In economics, which set of categories does
Q29: Economists believe that people respond in a
Q30: What is a hypothesis? <br>A) an assumption about