Which of the following is a limitation of the simple circular flow model? A. Product markets are ignored. B. Resource markets are ignored. C. The determination of product and resource prices is not explained. D. Households are included, but not businesses. Explain Your Answer:
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Home » Business » Which of the following is a limitation of the simple circular flow model? A. Product markets are ignored. B. Resource markets are ignored. C. The determination of product and resource prices is not explained. D.