Multiple Choice
In a simple circular-flow diagram,firms
A) purchase resources from households.
B) purchase the output produced by households.
C) receive income by selling resources to households.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Which of the following statements about GDP
Q4: If an economy's GDP falls,then it must
Q5: For an actual economy,total expenditures on goods
Q9: In a simple circular-flow diagram,<br>A)households spend all
Q10: In a simple circular-flow diagram,firms use the
Q11: If an economy's GDP falls,then it must
Q12: If an economy's GDP rises,then it must
Q170: In the actual economy, goods and services
Q221: In a simple circular-flow diagram, total income
Q226: Because every transaction has a buyer and