Multiple Choice
In the circular flow model, households derive income from all of the following categories except
A) wages earned by labor
B) revenue earned by firms
C) profit earned by entrepreneurs
D) rent earned by people providing land resources
E) interest earned by people providing capital resources
Correct Answer:
Verified
Correct Answer:
Verified
Q121: Which of the following disciplines is not
Q122: The term ceteris paribus means that<br>A) all
Q123: Which of the following would not be
Q124: Without scarcity, people would not have to<br>A)
Q125: Helium balloons are fun. You can buy
Q127: Economics is the social science that describes
Q128: Scarcity is a temporary state of insufficiency
Q129: Economists say that since wants are unlimited
Q130: Having insatiable wants is similar to saying
Q131: The circular flow model is all of