Multiple Choice
In the simple circular flow model,
A) households spend the money they receive from labour services but save the money they receive from selling the other factors of production.
B) businesses buy labour services from households,but supply other factors of production themselves.
C) households spend their entire income immediately on consumer products.
D) profits are a type of income that is not received by households.
Correct Answer:
Verified
Correct Answer:
Verified
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