In the Circular Flow Model

question 70

Multiple Choice

In the circular flow model,

• A)households are sellers of factor services in goods markets.
• B)households are buyers of goods and services in the factor markets.
• C)firms are sellers of the factors in factor markets.
• D)firms are sellers of goods and services in goods markets.
• E)firms are buyers of goods and services in final markets.

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Plain Language

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