Multiple Choice
In the circular-flow diagram,
A) firms are buyers in the markets for goods and services.
B) households are sellers in the markets for the factors of production.
C) firms are sellers in the markets for factors of production and in the markets for goods and services.
D) dollars that are spent on goods and services flow directly from firms to households.
Correct Answer:
Verified
Correct Answer:
Verified
Q187: The simple circular-flow diagram is a model
Q188: An assumption an economist might make while
Q189: Figure 2-10<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-10
Q190: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q191: A macroeconomist - as opposed to a
Q193: The circular-flow diagram is a<br>A)visual model of
Q194: Factors of production are<br>A)used to produce goods
Q195: Figure 2-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-6
Q196: Suppose an economy only produces two goods,robots
Q197: Figure 2-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-12