Which of the following statements about a simple circular flow model is true? a. Producers are neither buyers nor sellers in...
jamsfrWhich of the following statements about a simple circular flow model is true?
a. Producers are neither buyers nor sellers in the product market.
b. Households are sellers in the product market.
c. Producers are buyers in the factor market.
d. Households are neither buyers nor sellers in the factor market.
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