Multiple Choice
According to the circular flow model, product markets are where:
A) Households earn their money incomes
B) Businesses incur their consumption expenditures to households
C) Businesses acquire their inputs from households
D) Businesses earn their revenues from households
Correct Answer:
Verified
Correct Answer:
Verified
Q67: Which of the following is the main
Q131: "For whom is a given mix of
Q132: The money income of households consists of
Q133: In the circular flow model, households earn
Q134: Suppose a firm can produce 70 units
Q135: The use of money for exchange and
Q136: Laissez-faire capitalism is characterized by:<br>A) Very limited
Q138: The economies of North Korea and Cuba
Q139: Insurance companies facilitate the transfer of risk
Q140: The "invisible hand" concept refers to the:<br>A)