QUESTI 10 points Save Answer Which of the following correctly describes the circ

Question

QUESTI 10 points Save Answer Which of the following correctly describes the circular flow model? O households are buyers in product and resource businesses are buyers in product and resource O household are buyers in product market, but sellers in resource market businesses are buyers in product market, but sellers in resource market QUESTI 10 points Save Answer Which of the following is NOT one the three ways that societies can organize themselves economically? Command System O Market System Digital QUESTI 10 points Save Answer Which of the following is NOT a private enterprise in the United States? OHealth care Education Space Exploration O Car sales

Explanation / Answer

In the circular flow diagram, the households buy goods from the businesses therefore in the good market, households are the buyers. on the other hand, the households sell services to the business in the resource markets and therefore they are sellers in the resource market.

So answer = (C)

The three ways that the society can organise themselves economically are traditional economy, command economy and market economy.

So answer = (D) digital.

Space exploration is not a private Enterprise in the United States. Example - NASA

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