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Class 12 · Economics
→What is the role of firms in the factor market?
Class 12 · Economics
→What is the role of households in the factor market?
Class 12 · Economics
→Why is government expenditure not shown in the two-sector model?
Class 12 · Economics
→Why are imports and exports not included in a two-sector closed economy?
Class 12 · Economics
→Goods and services moving from firms to households show which flow?
Class 12 · Economics
→Consumption expenditure moving from households to firms is which type of flow?
Class 12 · Economics
→Why are firms considered producing units in the two-sector model?
Class 12 · Economics
→Why are households called factor owners in the two-sector model?
Class 12 · Economics
→Why does household consumption expenditure return to firms?
Class 12 · Economics
→Who is the seller in the product market of the two-sector model?
Class 12 · Economics
→Which of the following is not a money flow in the two-sector model?
Class 12 · Economics
→In the circular-flow diagram, what does the factor payment from firms to households represent?
Class 12 · Economics
→In a simple two-sector model, if there is no saving, what does the entire household income become?
Class 12 · Economics
→Which of the following is a money flow in the two-sector model?
Class 12 · Economics
→Which of the following is not a real flow in the two-sector model?
Class 12 · Economics
→In the two-sector model, how are households viewed in the product market?
Class 12 · Economics
→In the two-sector model, how are firms viewed in the factor market?
Class 12 · Economics
→What helps form a simple understanding of national income in the two-sector model?
Class 12 · Economics
→What should be identified first to understand income flow in the two-sector model?
Class 12 · Economics
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