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:

Package Content

The items or materials contained inside a package.

Downsizing

The process of reducing a company's workforce and/or scaling back its operations to lower expenses and streamline its organization.

Swoosh

A commonly recognized symbol of Nike, representing speed, movement, power, and motivation.

Brand Name

The name given to a product or service to distinguish it from others and create a recognizable identity in the market.