The simplest circular model of the United States economy depicts the economy as a cycle in which resources flow between which two entities?

a. supply and demand

b. businesses and households

c. the government and foreign countries

d. goods and services

Question

Social Studies

Rolando Bolton

3 December, 19:09

The simplest circular model of the United States economy depicts the economy as a cycle in which resources flow between which two entities?

a. supply and demand

b. businesses and households

c. the government and foreign countries

d. goods and services

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Answers (1)

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Scout · Answer 1

The correct answer is letter A. Supply and demand simply depicts the circular model of the US economy. These things determine the flow of goods and services available in the market for the consumption of its people. It also determines the rate of production that manufacturers perform in their particular industries.

The simplest circular model of the United States economy depicts the economy as a cycle in which resources flow between which two entities?a. supply and demandb. businesses and householdsc. the government and foreign countriesd. goods and services

The simplest circular model of the United States economy depicts the economy as a cycle in which resources flow between which two entities?

a. supply and demand

b. businesses and households

c. the government and foreign countries

d. goods and services