Multiple Choice
Which of the following transactions takes place in the markets for the factors of production in the circular-flow diagram?
A) Dylan receives a salary for his work as a financial analyst for an investment firm.
B) Kristin buys two business suits to wear to her job as a Chief Information Officer.
C) Jim receives clean water in his home in exchange for paying his water bill.
D) Caroline owns a nail salon and receives payments from her clients for her services.
Correct Answer:
Verified
Correct Answer:
Verified
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