83.
Markets in which firms sell their output of goods and services are called:
A. resource markets. B. product markets. C. command markets. D. mixed markets. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-05 Describe the mechanics of the circular flow model. Topic: Circular flow model
84.
The circular flow model shows that the goods and services produced by business firms are sold through:
A. product markets. B. stock markets. C. money markets. D. resource markets. AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-05 Describe the mechanics of the circular flow model. Topic: Circular flow model