The "circular flow" is how Adam Smith described the functioning of the market economy.
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Q11: The study of individual behavior in the
Q12: It is correct to say that the
Q13: The central authorities, as participants in the
Q14: All public agencies, government bodies, and organization
Q15: The "invisible hand" that makes the economy
Q17: Demand may be expressed as an individual
Q18: Full employment is the first and predominant
Q19: The GNP and the GDP are measures
Q20: An economic growth rate of 4 percent
Q21: The quality of the labor force has
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