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Unit 1 Fundamental Economic Concepts Flashcards | StudBud
Unit 1 Fundamental Economic Concepts
1 / 26
Which of the following statements is true regarding the relationships in the circular flow of the economy?
A
Government pay wages to firms who buy physical capital from households
B
Households pay interest to business in exchange for factor of production
C
Government buys goods from households in exchange for taxes
D
Businesses pay wages to households in exchange for factor of production
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