The simple circular-flow diagram is a model that includes only some key players in the real economy.Which of the following key players are omitted from the simple circular-flow model?
A) households
B) firms
C) government
D) markets for factors of production
Correct Answer:
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Q73: The circular-flow diagram
A)is an economic model.
B)incorporates two
Q74: In the simple circular-flow diagram,
A)households own the
Q75: Which of these terms are used interchangeably?
A)"goods
Q76: In the circular-flow diagram,
A)firms own the factors
Q77: In the circular-flow diagram,another name for goods
Q79: In economics,capital refers to
A)the finances necessary for
Q81: In the circular-flow diagram,
A)firms are buyers in
Q82: In the circular-flow diagram,in the markets for
A)goods
Q83: In the circular-flow diagram,
A)taxes flow from households
Q213: In the simple circular-flow diagram, the participants
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