Chat with AI
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 1
The circular-flow diagram illustrates that, in markets for the factors of production,
A) households are sellers, and firms are buyers.
B) households are buyers, and firms are sellers.
C) households and firms are both buyers.
D) households and firms are both sellers.
A) households are sellers, and firms are buyers.
B) households are buyers, and firms are sellers.
C) households and firms are both buyers.
D) households and firms are both sellers.
Explanation
Verified
Verified
Circular flow is a simple model that exp...
Essentials of Economics 7th Edition by Gregory Mankiw
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
