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In a simple circular flow model of economic activities, which of the following is true for households? Group of answer choices They are producers of

In a simple circular flow model of economic activities, which of the following is true for households?

Group of answer choices

They are producers of goods and maximizes profits

They demand goods, suppliers of resouces such as labor, and maximizes wealth and utility

They minimizes wealth and utility but supply labor to the economy

Demand resourcs such as labor and maximizes profits

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