Multiple Choice
In the circular-flow diagram,in the markets for
A) goods and services,households and firms are both sellers.
B) goods and services,households are buyers and firms are sellers.
C) the factors of production,households are buyers and firms are sellers.
D) the factors of production,households and firms are both buyers.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: An economic theory about international trade that
Q54: The production possibilities frontier illustrates<br>A)the trade-off between
Q55: Economists,like mathematicians,physicists,and biologists,<br>A)make use of the scientific
Q56: In the circular-flow diagram,<br>A)profit flows from households
Q57: In a certain economy,toys and greeting cards
Q59: When constructing a production possibilities frontier,which of
Q60: Figure 2-9<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-9
Q61: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-4
Q62: Figure 2-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-7
Q63: Which of the following is not correct