Multiple Choice
The simple circular flow model shows that workers and owners of land and capital offer their services through:
A) product markets.
B) factor markets.
C) money markets
D) government.
Correct Answer:
Verified
Correct Answer:
Verified
Q114: The circular flow of economic activity is
Q115: Exhibit 3-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-15
Q116: Exhibit 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-3
Q117: Consider a production possibilities curve for an
Q118: An improvement in technology will tend to
Q120: The circular flow model indicates that income
Q121: Exhibit 3-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-6
Q122: Movement from one point on the production
Q123: The law of increasing opportunity costs implies
Q124: The production possibilities curve illustrates:<br>A)the minimum quantity