Solved

In a Simple Circular Flow Model

Question 4

Multiple Choice

In a simple circular flow model,


A) ​households are suppliers of resources.
B) ​households are demanders of final products.
C) ​firms are demanders of resources.
D) ​all of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: The law of increasing opportunity costs implies

Q2: Which one of the following will not

Q3: Capital-intensive production techniques tend to be utilized

Q5: ​Exhibit 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="​Exhibit 3-2

Q6: Which of the following is the most

Q7: ​Exhibit 3-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="​Exhibit 3-12

Q8: Consumer sovereignty means that consumers vote with

Q9: ​Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="​Exhibit 3-4

Q10: ​Exhibit 3-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="​Exhibit 3-13

Q11: ​Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="​Exhibit 3-4