The two sectors of the economy in the simple circular flow model are
A. households and businesses.
B. foreign markets and domestic markets.
C. the private sector and the public sector.
D. the employed and the unemployed.
Answer: A
Economics
You might also like to view...
If the government were to regulate the way AT&T presents its phone plans, such a policy would be a:
A. tariff. B. nudge. C. tax. D. push.
Economics
Which is necessarily true for a perfectly competitive firm in short-run equilibrium?
A. Price minus average total cost equals zero. B. Marginal revenue is zero. C. Marginal revenue minus marginal cost equals zero. D. Total revenue minus total cost equals zero.
Economics