Multiple Choice
Refer to the diagram.Arrows (1) and (2) represent:
A) goods and resources respectively.
B) money incomes and output respectively.
C) output and money incomes respectively.
D) resources and goods respectively.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q72: Which is a major feature of the
Q73: In a market system, well-defined property rights
Q74: In the circular flow model:<br>A)households supply factors
Q75: Which fundamental question about a competitive market
Q76: Labour, land, and capital are examples of:<br>A)factors
Q78: In a market economy the distribution of
Q79: Which of the following is unique to
Q80: The basic reason for the production of
Q81: Specialization and trade are beneficial to society
Q82: Which of the following economic systems are