Multiple Choice
A model that shows how dollars flow through markets among households and firms is called the
A) production possibilities frontier.
B) circular-flow diagram.
C) demand and supply diagram.
D) comparative advantage model.
Correct Answer:
Verified
Correct Answer:
Verified
Q77: Another term for factors of production is<br>A)inputs.<br>B)output.<br>C)goods.<br>D)services.
Q84: A model can be accurately described as
Q85: The circular-flow diagram<br>A)is an economic model.<br>B)incorporates two
Q86: In conducting their research,economists face an obstacle
Q87: Figure 2-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-6
Q88: According to the circular-flow diagram,if Denny is
Q90: Figure 2-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-5
Q91: Economic models<br>A)are people who act out the
Q93: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q94: In the circular-flow diagram,which of the following