In the factor market, firms ________ and households ________.
A) supply land, labour, capital and entrepreneurship services; hire land, labour, capital and entrepreneurship services
B) supply goods and services; purchase goods and services
C) pay rent, wages, interest and profit; earn rent, wages, interest and profit
D) hire land, labour, capital and entrepreneurship services; purchase goods and services
E) purchase goods and services; supply goods and services
Correct Answer:
Verified
Q61: Terri is enrolled in her first economics
Q62: In the circular flow model, which of
Q63: An example of a real flow in
Q64: Tax revenues are transferred from
A) one state
Q65: A real flow in the circular flow
Q67: Which of the following is a function
Q68: Households and firms in the Australian economy
Q69: _ choose the quantities of goods and
Q70: An example of a money flow in
Q71: In the circular flow model with the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents