In the circular flow model of an economy with no government sector and no international trade, households
A) receive income from buyers of goods and services.
B) pay firms for the use of their factors.
C) receive income from the sale of factors in the goods markets.
D) receive income from producers for the use of factors in the factor markets.
Correct Answer:
Verified
Q27: The factor market can best be described
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
Q34: Compared to the other sources of spending,
Q35: The circular flow diagram shows that
A) goods
Q36: GDP counts only final goods and services
Q41: Q59: ![]()
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