In a circular-flow model, firms demand all of the following except
A)labor
B)goods and services
C)capital
D)entrepreneurial ability
E)natural resources

Name: In a circular-flow model, firms demand all of the following except A)labor B)goods and services C)capital D)entrepreneurial ability E)natural resources
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Question

Quizplus · Accepted Answer

Firms demand labor, capital, entrepreneurial ability, and natural resources to produce goods and services, but they do not demand goods and services themselves; they supply them.

In a Circular-Flow Model, Firms Demand All of the Following