Multiple Choice
The simple circular flow model shows that:
A) households are on the demand side of both product and factor markets.
B) businesses are on the supply side of both product and factor markets.
C) households are on the supply side of the factor market and on the demand side of the product market.
D) businesses are on the demand side of the product market and on the supply side of the factor market.
Correct Answer:
Verified
Correct Answer:
Verified
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