Following the Circular Flow of a Mixed Economy, Which Entity

question 20

Multiple Choice

Following the circular flow of a mixed economy, which entity or entities distribute resources?

• A)Firms only
• B)Input markets only
• C)Government and households
• D)Households and input markets

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Definitions:

Reliability

Refers to the consistency of a measure or test over time.

Standard Deviations

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Mean

The mathematical average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers.

IQ Test

A standardized assessment designed to measure human intelligence and cognitive abilities in relation to an average population.