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The Simple Circular-Flow Diagram Is a Model That Includes Only

question 187

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The simple circular-flow diagram is a model that includes only some key players in the real economy.Which of the following key players are omitted from the simple circular-flow model?


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Traditional Western Thought

Philosophical, scientific, and cultural ideas and principles that originated in the Western world, often emphasizing rationality and empirical evidence.

Ability To Reason

The capacity to think logically, understand principles, and solve problems.

Science

The use of reason to move from observable, measurable facts to hypotheses to testable explanations for those facts.

World Exists

The acknowledgment of the reality of the physical universe and everything in it.

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