Solved

Exhibit 1.1 -Refer to the Circular-Flow Model in Exhibit 1.1. If D

Question 8

Multiple Choice

Exhibit 1.1
Exhibit 1.1 -Refer to the circular-flow model in Exhibit 1.1. If D represents firms and B represents resource markets, then the flow from D to B is: A) revenue. B) expenditures. C) labor, capital, and natural resources. D) income and expenditures. E) wages, interest, rent, and profit.
-Refer to the circular-flow model in Exhibit 1.1. If D represents firms and B represents resource markets, then the flow from D to B is:


A) revenue.
B) expenditures.
C) labor, capital, and natural resources.
D) income and expenditures.
E) wages, interest, rent, and profit.

Correct Answer:

verifed

Verified

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

Related Questions

Q3: Economic theories:<br>A) express normative values.<br>B) invent imaginative

Q4: Table 1.1<br> Table <span class="ql-formula"

Q5: The payment in return for the use

Q7: Behavioral assumptions:<br>A) make economic models more complex

Q10: In the simple circular flow model, the

Q11: Which of the following is a positive

Q24: An economic model will produce poor predictions

Q73: Elijah,a basketball fan,reasons that because his favorite

Q79: Most economists consider a theory a good

Q104: Someone who commits the fallacy of composition