Questions
Single choice
In the circular flow model Blank ______. BlackTom题目解析
Options
A.firms supply resources to households
B.households produce goods
C.households receive income through the product market
D.households spend their income in the product market
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Step-by-Step Analysis
In the circular flow model, there are two main markets: the product market and the resource (factors) market, with households and firms exchanging money and resources.
Option 1: 'firms supply resources to households' is not accurate. In the standard model, househo......Login to view full explanationLog in for full answers
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