A model that shows how dollars flow through markets among households and firms is called the
a. production possibilities frontier.
b. circular-flow diagram.
c. demand and supply diagram.
d. comparative advantage model.
b
Economics
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A strategy in which a player uses probabilities to decide which strategy to use is called a
A) pure strategy. B) mixed strategy. C) Pareto strategy. D) coin flip strategy.
Economics
Investors in the London Company (which was later re-formed as the Virginia Company)
a. earned substantial profits on their investment. b. earned modest profits on their investments. c. broke even, with revenues just covering the principal. d. earned substantial losses on their investment.
Economics