In the simple circular-flow diagram,who buys the factors of production?
A) households only
B) firms only
C) both households and firms
D) neither households nor firms
Correct Answer:
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Q66: In the circular-flow diagram,firms produce
A)goods and services
Q67: In the circular-flow diagram,which of the following
Q68: Which of the following statements about the
Q69: Factors of production are
A)the mathematical calculations firms
Q70: Which two groups of decision makers are
Q72: Which markets are represented in the simple
Q73: The circular-flow diagram
A)is an economic model.
B)incorporates two
Q74: In the simple circular-flow diagram,
A)households own the
Q75: Which of these terms are used interchangeably?
A)"goods
Q76: In the circular-flow diagram,
A)firms own the factors
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