Multiple Choice
Which two groups of decision makers are included in the simple circular-flow diagram?
A) markets and government
B) households and government
C) firms and government
D) households and firms
Correct Answer:

Verified
Correct Answer:
Verified
Q137: In constructing models,economists<br>A)leave out equations,since equations and
Q138: Figure 2-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-8
Q139: Figure 2-9<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-9
Q140: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-4
Q141: Figure 2-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-14
Q143: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q144: Economists believe that production possibilities frontiers<br>A)never have
Q145: Figure 2-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-16
Q147: Figure 2-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-5
Q187: Suppose a nation is currently producing at