Economic theory is necessary and extremely important because of its relationship to economic policy.

Answer the following statement true (T) or false (F)

True

Economics

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In the circular flow model, households supply resources such as labor services in the factor market

Indicate whether the statement is true or false

Economics

Innovation is

A. the same thing as invention. B. the desired result of invention. C. the necessary precondition of invention. D. unrelated to invention.

Economics