The Circular Flow Model Demonstrates

question 194

Multiple Choice

The circular flow model demonstrates

• A)the role of the government in overseeing the market system.
• B)the roles played by households and firms in the market system.
• C)how shortages and surpluses are eliminated in a market.
• D)how demand and supply for goods and services are brought into equilibrium.

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Definitions:

Oral

Related to the mouth; often used in contexts such as oral hygiene, oral medications, or oral communication.

Rectal

Pertaining to, involving, or situated near the rectum, which is the final section of the large intestine.

Axillary

Pertaining to the armpit area, often referenced in medical examinations or temperature measurements.

Oral

Relating to the mouth, or administered through the mouth.