The factor market can best be described as where
A) firms buy goods and services.
B) firms buy the services of labor, land and capital.
C) governments sell goods and services.
D) households buy goods and services.
Correct Answer:
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Q22: In the circular flow of economic activity
A)
Q23: The circular flow model shows that consumer
Q24: In the circular flow of income
A) households
Q25: The circular flow of income shows that
A)
Q26: The circular flow diagram indicates that
A) firms
Q28: In the circular flow model, consumption expenditures
Q29: The circular flow shows that the household
Q30: The circular flow diagram shows
A) how nominal
Q31: In the circular flow diagram, aggregate expenditure
Q32: In the circular flow model of an
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