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Jim Is Being Paid $7

Question 22

Multiple Choice

Jim is being paid $7.25 an hour to work at a restaurant. In the circular flow this is an example of a:


A) business selling goods and services in the product market.
B) household buying goods and services in the product market.
C) business buying resources in the factor market.
D) household buying a resource in the factor market.

Correct Answer:

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