In the circular flow model, a. Prices in input markets are determined by the government. b. Prices
Question:
In the circular flow model,
a. Prices in input markets are determined by the government.
b. Prices in output markets are determined by the government.
c. Governments engage in both the input and output markets.
d. The foreign sector engages only in input markets, not in output markets.
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In the circular flow model b Prices in output markets are determined by the ...View the full answer
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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