In a Simple Circular Flow Model

question 4

Multiple Choice

In a simple circular flow model,

• A)​households are suppliers of resources.
• B)​households are demanders of final products.
• C)​firms are demanders of resources.
• D)​all of the above are true.

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Definitions:

Checkout Process

The steps a customer goes through to complete a purchase, including item selection, payment, and receipt of goods.

Narrowcasting

is a targeting strategy in marketing and broadcasting that focuses on a specific set of audience characteristics rather than a broad, general market.

Select Audience

A specific group of people chosen as the target for a particular message, advertisement, or campaign, based on certain demographic, psychographic, or behavioral characteristics.

Narrowcasting

The dissemination of information or media content targeted to a specific, narrowly defined audience.