In the circular flow model, which of the following owns the factors of production?
A) firms, households, and all levels of government
B) only firms
C) only federal, state, and local governments
D) both firms and households
E) only households
Correct Answer:
Verified
Q7: Which of the following is NOT a
Q8: Which of the following is NOT shown
Q9: A real flow in the circular flow
Q10: The concept of human capital describes
A)the number
Q11: According to the functional distribution of income,
Q13: In the circular flow model,
A)only firms sell
Q14: The owners of the resource -------------------- are
Q15: The income earned by entrepreneurs is
A)profit or
Q16: --------------------is the human resource that organizes labor,
Q17: When the total U.S. production of goods
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