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In the Simple Circular-Flow Diagram, in Which Market Are Firms

question 11

Multiple Choice

In the simple circular-flow diagram, in which market are firms sellers?


Definitions:

Post-employment Benefit Plan

A financial arrangement designed to provide benefits to employees after their employment has ended, such as pensions.

Subsidiary

A company that is controlled by another company, usually by owning more than 50% of its voting stock.

AASB 124

An accounting standard issued by the Australian Accounting Standards Board relating to disclosures of related party transactions and relationships.

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