In a circular-flow model, which of the following is NOT supplied by households?
A) labour
B) goods and services
C) capital
D) entrepreneurial ability

Question

In a circular-flow model, which of the following is NOT supplied by households?  
A) labour 
B) goods and services 
C) capital 
D) entrepreneurial ability

Quizplus · Accepted Answer

In a circular-flow model, households supply factors of production such as labor, capital, and entrepreneurial ability to firms. They do not supply goods and services; instead, they consume goods and services produced by firms.

In a Circular-Flow Model, Which of the Following Is NOT