Question 1 Consider the circular flow model to answer the...

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Quiz Question 1 Consider the circular flow model to answer the questions that follow. a. In the circular flow model, households provide inputs to firms through the product market Incorrectand in exchange receive income Correctfrom firms. b. In the circular flow model, firms receive income Incorrectfrom households when households purchase goods and services in the product market Correct.
2 0/0.4 points awarded Item Scored eBookReferences Show my answers Item 2 Item 2 0 of 0.4 points awarded Item Scored The opportunity cost of an action is always equal to:
Correct Explanation Opportunity cost is the value of the next-best forgone alternative; the value of the opportunity that you

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