Answer: Both
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In the Circular Flow Model do businesses demand or supply? (tricky question think about it there are two markets in the model)
The circular flow diagram of economic activity is a model of the: flow of goods services and payments between households and firms In the ______________ households receive goods and services and pay firms for them
In the Circular Flow Model do businesses demand or supply? (tricky question think about it there are two markets in the model ) A.) Both B.) Demand C.) Supply D.) Neither. YOU MIGHT ALSO LIKE... Principles of Macroeconomics. TextbookMediaPremium. $13.99.
Government payments to businesses For an economy consisting of households and businesses only which of the following is consistent with the circular flow in income and production ? Households are suppliers of resources and consumers of goods and services.
A circular-flow diagram is a model that helps explain how participants in the economy interact with each other and explains how the economy is organized Which two groups of decision makers are included in the simple circular-flow diagram ?
Wed Aug 19 2009 · I know the household and business sectors is in the basic circular flow model but they are not the two markets. The two markets is product and …
In general the circular-flow model is useful because it informs the creation of the supply and demand model . When discussing the supply and demand for a good or service it is appropriate for households to...
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