Solved

In the Circular-Flow Diagram,in the Markets for

Question 103

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 sellers and firms are buyers.
C) the factors of production,households are sellers and firms are buyers.
D) the factors of production,households and firms are both buyers.

Correct Answer:

verifed

Verified

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

Related Questions

Q98: Unemployment would cause an economy to<br>A)produce inside

Q99: In the circular-flow diagram,which of the following

Q100: Figure 2-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-1

Q101: Figure 2-9<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-9

Q102: Figure 2-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-12

Q104: Figure 2-9<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-9

Q105: A production possibilities frontier shifts outward when<br>A)the

Q106: Which of the following is a correct

Q107: In a certain economy,jam and bread are

Q108: Figure 2-10<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-10