menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 45
  4. Exam
    Exam 2: The Market System and the Circular Flow
  5. Question
    According to the Circular Flow Model of the Market System
Solved

According to the Circular Flow Model of the Market System

Question 263

Question 263

True/False

According to the circular flow model of the market system, firms get their ability to pay for their costs of production from the revenues that they receive for their products.

Correct Answer:

verifed

Verified

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

Related Questions

Q97: What advantage does a money economy have

Q171: A required element for specialization to lead

Q178: Which of the following would be primarily

Q258: In a market system, entrepreneurs start businesses

Q259: In the circular flow model of the

Q260: Laissez-faire capitalism is characterized by<br>A)a very limited

Q261: In a market system, if firms in

Q262: Why might a company use barter rather

Q268: "Creative destruction" in a market system is

Q268: In a command system,<br>A)self-interest motivates and commands

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines