In the circular-flow diagram,which of the following items represents a payment for a factor of production?
A)interest
B)capital
C)spending by households on goods
D)spending by households on services

Name: In the circular-flow diagram,which of the following items represents a payment for a factor of production? A)interest B)capital C)spending by households on goods D)spending by households on services
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Question

Quizplus · Accepted Answer

Interest is a payment for the use of capital, which is a factor of production.

In the Circular-Flow Diagram,which of the Following Items Represents a Payment