Briefly explain the relationship between firms and households in the

  1. Briefly explain the relationship between firms and households in the circular flow ofincome and spending.
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  2. What does a circular flow of a market economy show?Group of answer choices how households and firms exchange money, resources
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  3. Microeconomics focuses onPart 2 A. decisions made by individual households and firms. B. inflation and growth in our overall
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  4. Who pays taxes?A Only households B Only firms C Both households and firms D Neither households nor firms
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  5. Who pays taxes?Only households Only firms Both households and firms Neither households nor firms
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  6. Who pays taxes?A.Both households and firms B.Only households C.Neither households nor firms D.Only firms
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  7. When households provide resources for firms, firms are expected to provide a(n) ____________ for households.When households
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  8. he simple circular-flow diagram, which of the following is not true.a. Firms own the factors of production. b. Land, labor, and
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  9. When households provide resources for firms, firms are expected to provide a(n) ____________ for households.income friend tax
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  10. The circular flow model of a mixed economy shows _____.how taxes and profits are related how government interacts with
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