In the circular flow model,
A) firms are sellers of goods and services in goods markets.
B) firms are sellers of the factors in factor markets.
C) households are buyers of goods and services in the factor markets.
D) firms are buyers of goods and services in final markets.
E) households are sellers of factor services in goods markets.
Correct Answer:
Verified
Q3: Which one of the following is false?
A)Y
Q4: SaskWidget produces plastic parts.At the beginning of
Q5: For the aggregate economy, income equals
A)expenditure equals
Q6: Which one of the following is true?
A)Y
Q7: The purchasers in the goods markets are
A)households
Q9: In calculating GDP, economists use the value
Q10: Suppose the economy's capital increases over the
Q11: The change in capital from year to
Q12: Which of the following statements is true?
A)Final
Q13: Which one of the following flows from
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