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Because the choices of consumers influence producers and the ch…

  • Question 10c of 25 - Circular flow model

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Because the choices of consumers influence producers and the choices of producers also influence consumers, the free-market system has which of the following?
  • Answers:
  1. A circular flow of influences
  2. A built-in process of growth
  3. A tendency toward equality
  4. Only two kinds of players

The correct answer is: A circular flow of influences. The free-market system is characterized by a circular flow model.

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