The two basic markets shown by the simple circular flow model are
A. product and resource.
B. capital goods and consumer goods.
C. free and controlled.
D. household and business.
Answer: A
Economics
You might also like to view...
Refer to Figure 12-1. If the firm is producing 500 units
A) it should maintain its output to maximize profit. B) it is making a profit. C) it is making a loss. D) it should increase its output to maximize profit.
Economics
Under normal circumstances, the ratio of a country's export prices to its import prices should
a. increase as trade increases b. decrease as trade increases c. fluctuate as trade increases d. remain constant as trade increases e. none of the above
Economics