8. Economic models like the graphs or even mathematical equations that represent economic patterns or theories. are not physical models, but instead are diagrams or A. financial capital market B. circular flow diagram C. financial investment market D. Specialization Model 9. In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: A. all consumers. B. buyers and sellers. C. producers and input suppliers. D. producers and government planning committees.

8. Economic models like the graphs or even mathematical equations that represent economic patterns or theories. are not physical models, but instead are diagrams or A. financial capital market B. circular flow diagram C. financial investment market D. Specialization Model 9. In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: A. all consumers. B. buyers and sellers. C. producers and input suppliers. D. producers and government planning committees.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 4QR

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