Solved

In the Circular Flow Diagram, Who Owns the Factors of Production

Question 151

Short Answer

In the circular flow diagram, who owns the factors of production and consumes all of the goods and services produced?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q146: Figure 2-13
​
Figure 2-13 ​</p></div><svg width=

Q147: Figure 2-13
​
Figure 2-13 ​</p></div><svg width=

Q148: Figure 2-12
​
Figure 2-12 ​</p></div><svg width=

Q149: Figure 2-12
​
Figure 2-12 ​</p></div><svg width=

Q150: In the circular flow diagram, when Daphne

Q152: Figure 2-13
​
Figure 2-13 ​</p></div><svg width=

Q153: The three main factors of production, or

Q154: Figure 2-13
​
Figure 2-13 ​</p></div><svg width=

Q155: In the markets for goods and services

Q156: Figure 2-13
​
Figure 2-13 ​</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents